Borrower requested a $250,000 loan to purchase a single family property in Temple Terrace, Florida. Property is a 3 bed 2 bath a 1,915 sq/ft. The borrower paid $307,000 for the property and has a $68,000 construction budget planned in which DKC Lending will have a $35,000 construction holdback.
Collateral:
Type: Refinance
Description:
This request is for a $110,000 refinance loan secured by a single-family residence located in Palmetto, Florida. The subject property was built in 2001 and consists of a 3-bedroom, 2-bathroom home with 1,060 square feet of living area and a one-car garage. Borrower will refinance as the loan’s exit strategy.
- Loan Amount: $110,000
- Date: January 2026
