This request is for a $300,000 second-position construction loan on a waterfront single-family residence in Tampa, Florida. The property will feature 5,088 square feet of living area across two stories, comprising six bedrooms and 5.5 bathrooms. The home will also feature a roof deck, a covered lanai, an outdoor living space, a gym, a home theater, an elevator, and a four-car garage with ample storage. Borrower strategy is to refinance the property upon completion.
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
