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.
Collateral:
Type: Fix and Lease
Description:
This is a $400,000 loan secured by two single-family homes located in Clearwater, Florida. The home is a two-story property featuring four bedrooms, two bathrooms, and a two-car garage, situated on a 0.18-acre lot. The exit strategy is to refinance into a DSCR loan upon completion of renovations and stabilization.
- Loan Amount: $400,000
- Date: April 2026
