Borrower requested a $232,000 loan to purchase a single-family property in Tampa, Florida. The borrower paid $280,000 for the property and has a $70,000 construction budget planned in which DKC Lending will have a $35,000 construction holdback. Borrower plans to sell the property for a profit after the renovation is complete.
Collateral:
Type: New Construction
Description:
This is a $200,000 new construction loan request secured by a single-family new construction project in Tampa, FL. The subject property will feature 3 bedrooms and 2 bathrooms, a 1-car garage with 1,176 square feet of living space. The borrower plans to refinance the property as an exit to this loan.
- Loan Amount: $$200,000
- Date: May 2026
