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: Refinance
Description:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
