This is a $600,000 refinance loan request from a repeat client secured by a commercial retail strip center located in New Port Richey, Florida. The collateral consists of a 15,420-square-foot retail plaza situated on 1.71 acres along a high-traffic commercial corridor in Pasco County. The borrower’s exit strategy consists of refinancing into longer-term financing and/or selling other commercial real estate assets within the portfolio.
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
