Borrower requested a $120,000 loan, to purchase a single-family property in Tampa, Florida. The borrower payed $175,000 for the property and has a $125,000 construction budget planned that includes adding a second story to the existing structure. Borrower has completed multiple real estate projects with DKC including ongoing development projects.
Collateral:
Type: Refinance
Description:
Borrower requested a $200,000 refinance loan secured by a single-family residence in Tampa, Florida. Built in 1980, the property features 3 bedrooms, 2 bathrooms, and 1,562 square feet of living space situated on a 0.19-acre lot. Upon completion of the renovations, the borrower intends to refinance into a long-term DSCR loan as the exit strategy.
- Loan Amount: $200,000
- Date: August 2026
