This is a $120,000 new-construction loan, secured by a duplex in Panama City, Florida. The property is currently estimated to consists of two units, each featuring 3 bedrooms, 2 bathrooms, 1,384 square feet of living area, and a one-car garage. Borrower preferred exit strategy is to refinance.
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