Recent Loan Closings

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Description:

This is a $150,000 refinance loan request secured by a single-family residence located in Tampa, Florida. The subject property includes three bedrooms, two bathrooms, and approximately 1,200 square feet of living space. The borrower plans to refinance into a DSCR loan as an exit from the loan.

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This is a $110,000 fix-and-flip loan request for a manufactured mobile home in Montverde, FL. The property features two bedrooms, two bathrooms, and 1,352 square feet of living space. Upon completion, the borrower intends to sell the property as an exit strategy for the loan.

Collateral:

Description:

This is a $495,000 loan request for acquiring two adjacent land parcels on Sligh Avenue in Tampa, Florida. The proposed homes will range from 3,200 to 3,600 square feet of livable space and are expected to feature modern architectural design, luxury finishes, lanais, pools, and other high-end amenities. The anticipated exit strategy is to transition into a construction loan with DKC Lending to sell the completed homes on the open market.

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Description:

This is a $150,000 new construction loan request for a single-family residence in Port Charlotte, FL. The home will offer three bedrooms, two bathrooms, 1,342 square feet of living space, and a one-car garage upon completion. The borrower exit strategy for this loan is to refinance upon completion.

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Description:

This is a $360,000 loan request secured by two single-family residential properties in Tampa, Florida, and St. Petersburg, Florida. The first property, is a 1,755-square-foot, three-bedroom, three-bathroom home built in 1951. The second property is a 994-square-foot, two-bedroom, one-bathroom home built in 1962. The borrower plans to renovate and sell both properties upon completion as an exit to the loan.

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Description:

Borrower requested a $390,000 loan to purchase a single-family property in Zephyrhills, Florida. The borrower paid $650,000 for the property. The property features 2 beds, 4 baths, and office space at 2,307 sq/ft on a 4-acre lot. The property was fully renovated and features an open floor plan, with a separate garage and pool. The borrower plans to use the property as a second home and plans to sell other free & clear property as an exit to this loan.