Borrower requested a $140,000 fix-and-lease loan to purchase a single-family property in Winter Springs, Florida. The property features 2 bedrooms, 2 bathrooms, and 1,134 square feet of living space. The borrower plans to rent the property and intends to refinance into a DSCR loan.
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
