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:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
