This is a $150,000 refinance loan request, with $130,000 to be disbursed at closing, secured by a newly installed manufactured mobile home located in Crystal River, Florida. The borrower has installed a brand-new 4-bedroom, 2-bathroom mobile home totaling 1,768 square feet on a 0.24-acre lot. Upon Completion of the septic tank, the borrower plans to list the property for sale and may pursue refinancing as a secondary exit strategy.
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
