An experienced investor requested a fix and flip loan on a single-family property in Panama City, Florida. The property suffered damage in the previous hurricane and is in need of a complete renovation including a new roof, AC, and full cosmetics. Borrower plans to spend $107,000 on construction, and DKC Lending will provide a draw schedule. Property is in an upcoming area of Panama City with an anticipated ARV of around $250,000.
Collateral:
Type: New Construction
Description:
This is a $260,000 new construction loan request on a duplex located in Port Charlotte, FL, with an initial disbursement of $60,000 at closing. Upon completion, the property will consist of two units, each featuring 3 bedrooms, 2 bathrooms, 1,247 square feet of living space, and a 1-car garage. The borrower intends to refinance the property as the primary exit strategy.
- Loan Amount: $260,000
- Date: August 2025
