Borrower requested a $63,000 loan to purchase a single-family property in Daytona Beach, Florida. The borrower paid $84,000 for the property and has a construction budget of $35,000 planned including a new roof, HVAC and a complete cosmetic remodel. The property features 2 beds and 1 bath at 1,038 sq/ft and has an estimated ARV of $180,000. Borrower is an experienced repeat DKC client, having completed 7+ projects in the past 12 months successfully
Collateral:
Type: Refinance
Description:
This request is for a $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.
- Loan Amount: $400,000
- Date: October 2025