This is a $510,000 refinance loan secured by a single-family property in Palm Harbor and a multi-family property in Tarpon Springs, Florida. The Palm Harbor home is waterfront with 4 bedrooms, 3 bathrooms, 3,640 sq ft, and a detached 2-car garage. The Tarpon Springs property, classified as Multi-Fam <10 Units, sits on Lake Tarpon and includes two structures: a 3-bed, 1-bath, 1,522 sq ft home, and a 580 sq ft studio with 1 bath, on a 0.65-acre lot. The borrower plans to renovate Trent Rd and sell it as the loan exit.
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
