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.
Type: Fix and Lease
Borrower requested a $1,319,000 loan to purchase a single-family property in Naples, Florida. The borrower is additionally pledging a free and clear property in Tampa Fl as collateral for the loan. The borrower will be selling the San Rafael property as an exit to the loan.