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:
Borrower is requesting a $325,000 loan secured by a single-family property in Tampa, Florida. The property features 9 bedrooms, 5 bathrooms, 4,010 heated square feet, and sits on a 16,496-square-foot lot while being rented for $9,000 per month. The borrower plans to refinance the loan as exit strategy.
- Loan Amount: $325,000
- Date: September 2026
