Borrower requested $105,000 loan to purchase a $151,000 manufactured mobile home property on 3.85 acres in Zephyrhills. Borrower intends to build 13 new construction homes on the land and will exit the loan with construction to perm loan.
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