New Loan Funded

Collateral:

1814 N Fremont Ave, Tampa FL 33607

Description:

Borrower requested a $243,000 loan to purchase a single-family property in Tampa, Florida. The borrower paid $305,000 for the property and has a $60,000 construction budget planned. DKC Lending will hold back $30,000 in a construction draw schedule. Borrower plans to Airbnb this property after the renovation and refinance as an exit to the loan.