An experienced borrower and repeat client of DKC requested a $270,000 loan, to refinance two single-family rental properties in Tampa FL. The properties had a full remodel performed 2 years ago, and has been tenant occupied since.
Collateral:
Type: Fix and Lease
Description:
Borrower requested a $150,000 loan to purchase a manufactured property in Tampa, Florida. The manufactured home was built in 2017 and features 3 beds and 2 baths at 1,512 sq/ft sitting on a 1.24 acre lot. Borrower intends to refinance the loan.
- Loan Amount: $150,000
- Term: 1 Year
- Date: March 2023