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:
Borrower requested a $125,000 loan to refinance a single-family property located in Deltona,
Florida. The property features 4 beds and 2 baths at 1,668 sq/ft. The property is currently leased as an annual rental. Borrower plans to refinance as an exit to the loan.
- Loan Amount: $125,000
- Date: September 2023
