Borrower requested a $250,000 construction loan to build a single-family properly in Hernando, Florida. Borrower has a $400,000 total construction budget planned which DKC will provide a draw schedule to complete. The property will feature 4 beds, 2.5 baths and a two-car garage at 2,117 heated sq/ft. The borrower plans to refinance as an exit from the loan.
Collateral:
Type: Fix and Lease
Description:
This financing opportunity involves a $2.5 million lending request structured as two interest-only mortgages with a 2-year term and 12% fixed interest. The transaction includes a commercial acquisition loan supported by multiple commercial real estate assets, along with a separate residential refinance, resulting in a conservative overall loan-to-value ratio backed by substantial collateral. The primary exit strategy is to refinance the commercial property.
- Loan Amount: $2,500,000
- Date: July 2026
