New Loan Funded

Collateral:

5104 N 37th St, Tampa Fl 33610

Description:

Borrower requested a $108,750 loan to purchase, fix and flip a single family home in Tampa, Florida. The property was purchased for $145,000 and the borrower is completing a $30,000 remodel with their own cash out of pocket. The property had a roof replacement and plumbing updates in 2016, with a city permit. Borrower plans to complete the remodel and sell the home for a profit within 8 months. The borrower will be performing the remodel work as the contractor, and has a history of multiple successful projects purchased, remodeled and sold with DKC in the last 2 years.