Borrower requested a $280,000 loan to refinance a .96 acre commercial property in Valrico, Florida. The property features two key buildings (1 SFR & 1 MFMH and a series of 9 storage sheds and an RV pad with the building total of 2,928 GSF (2,574 GLA) as reflected on the county property appraisers’ records DKC has a certified appraisal at $536,000 for the property as-is.
Collateral:
Type: Refinance
Description:
This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
