New Loan Funded

Collateral:

-8013 Formby St. Riverview Fl 33578
-9311 Blanton Pl, Thonotosassa Fl 33592

Description:

Borrower has requested a $105,000 loan, to purchase and flip a mobile home property in Riverview, Florida. The property is being purchased for $105,000 and the borrower is completing an estimated $15,000 remodel with their own cash. The borrower is additionally pledging a renovated single family home in Thonotosassa as additional collateral for the loan. The renovated SFR is currently cash flowing and tenant occupied (borrower completed remodel previously). Borrower plans to complete the remodel of the mobile home and sell in 4-6 months. The borrowers own a trucking company and are also in construction, with recently completed projects, but are new to DKC Lending.