This is a $375,000 refinance loan, secured by a single-family property located in Tampa, Florida. The Property Record Card (PRC) as a 3-bedroom, 1-bathroom, but has been updated by the borrower to a 3-bedroom, 2-bathroom layout. The property comprises 1,794 square feet and is situated on a 0.343-acre lot. Borrower exit strategy is to refinance primary residence and use those proceeds to repay DKC Lending.
Collateral:
Type: Fix and Lease
Description:
This financing opportunity involves a $2.5 million lending request structured as two interest-only mortgages with a 2-year term and 12% fixed interest. The transaction includes a commercial acquisition loan supported by multiple commercial real estate assets, along with a separate residential refinance, resulting in a conservative overall loan-to-value ratio backed by substantial collateral. The primary exit strategy is to refinance the commercial property.
- Loan Amount: $2,500,000
- Date: July 2026
