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:
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
