Experienced builder in Polk county requested a $140,000 new construction loan to complete a residential spec home on a double lot in Lakeland Fl. DKC Lending provided an $140,000 construction loan (draw schedule), on a total $195,000 construction budget, with the builder additionally pledged the double lot as collateral for the loan.
Collateral:
Type: Refinance
Description:
This request is for a $110,000 refinance loan secured by a single-family residence located in Palmetto, Florida. The subject property was built in 2001 and consists of a 3-bedroom, 2-bathroom home with 1,060 square feet of living area and a one-car garage. Borrower will refinance as the loan’s exit strategy.
- Loan Amount: $110,000
- Date: January 2026
