Borrower requested a $600,000 loan to refinance a single-family property in Odessa, Florida. The property features 5 beds and 4 baths at 3,237 sq/ft and is in great condition, with a 2023 roof, 2022 A/C and remodeled bathrooms. The borrower will sell the subject property as an exit to this loan.
Collateral:
Type: Fix and Lease
Description:
The borrower has requested a $70,000 loan to refinance a condo property in Punta Gorda, Florida. The borrower is paid $118,000 for the property. The property features 2 beds and 1 bath at 1,037 sq/ft. The borrower refinance as an exit to the loan with DKC using a DSCR product.
- Loan Amount: $70,000
- Date: December 2024