The borrower has requested a $400,000 loan to refinance three duplex properties in Tampa, Florida. The properties feature a total of 6 beds and 6 baths, with a combined 3,264 square feet of living space. Each unit includes 1 bed, 1 bath, and 544 square feet. The borrower plans to sell the subject properties as part of his exit strategy from the loan.
Collateral:
Type: Fix and Lease
Description:
The borrower has requested a $70,000 loan to refinance a condo property in Punta Gorda, Florida. The borrower is paid $118,000 for the property. The property features 2 beds and 1 bath at 1,037 sq/ft. The borrower refinance as an exit to the loan with DKC using a DSCR product.
- Loan Amount: $70,000
- Date: December 2024