Borrower requested a $157,000 loan to purchase a single-family, fix and flip property in Holiday, Florida. The borrower paid $205,000 for the property and has a $27,000 construction budget planned, primarily cosmetic. There will be a construction hold back of $13,000, with a draw schedule. Borrower is a real estate broker and repeat DKC client.
Type: Fix and Lease
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.