Borrower requested a $140,000 loan to purchase a single-family property in Sarasota, Florida. The borrower paid $338,000 for the property and has a $70,000 construction budget planned. Borrower plans to list the property himself once construction is complete.
Collateral:
Type: New Construction
Description:
Borrower has requested $125,000 to complete construction of a two-story, wood-frame duplex in Augusta, GA. Each unit of the duplex will offer 1,580 square feet of living space, with 794 square feet on the first floor and 786 square feet on the second. The borrower’s primary exit strategy is to sell the completed duplex.
- Loan Amount: $125,000
- Date: October 2026