Borrower requested a $157,000 loan to purchase a single-family, fix and flip property in Holiday, Florida. The borrower paid $205,000 for the property and has a $27,000 construction budget planned, primarily cosmetic. There will be a construction hold back of $13,000, with a draw schedule. Borrower is a real estate broker and repeat DKC client.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
