Borrower requested a $127,500 loan to purchase a single-family property in Valrico, Florida. The borrower paid $162,000 for the property and has a $30,000 construction budget planned, and DKC will have a $15,000 Construction holdback. The renovation is primarily cosmetic. ARV estimated around $270,000.
Collateral:
Type: Refinance
Description:
Borrower requested a $130,000 loan to refinance a single-family property in Clearwater, Florida. The property features 3 beds and 2 baths at 1,858 sq/ft. The borrower has the property listed for sale and will sell the property as an exit to the loan.
- Loan Amount: $130,000
- Date: April 2024