Borrower requested a $280,000 loan to refinance a .96 acre commercial property in Valrico, Florida. The property features two key buildings (1 SFR & 1 MFMH and a series of 9 storage sheds and an RV pad with the building total of 2,928 GSF (2,574 GLA) as reflected on the county property appraisers’ records DKC has a certified appraisal at $536,000 for the property as-is.
Collateral:
Type: Fix and Lease
Description:
The borrower has requested a $242,000 loan to purchase a townhome in Wesley Chapel, Florida. The home was completed in 2025 and features 3 bedrooms, 2.5 bathrooms, and approximately 2,132 square feet of living space across two stories. The property also includes a two-car garage. As an exit strategy, borrower intends to refinance the property.
- Loan Amount: $242,000
- Date: June 2026
