Borrower requested a $200,000 loan to purchase a 10-acre property that features a manufacture mobile home, horse farm and barn in Lithia, Florida. The borrower paid $400,000 for the property and has plans to build a new construction home with a $250,000 budget on the property. The borrower is a repeat client with DKC Lending.
Collateral:
Type: Refinance
Description:
Borrower requested a $130,000 loan to refinance a single-family property in Clearwater, Florida. The property features 3 beds and 2 baths at 1,858 sq/ft. The borrower has the property listed for sale and will sell the property as an exit to the loan.
- Loan Amount: $130,000
- Date: April 2024