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: New Construction
Description:
This loan totals $1,590,000, with $260,000 disbursed at closing, secured by a double-lot land asset located in Safety Harbor, Florida. The site consists of approximately 0.26 acres, and the borrower intends to subdivide the parcel and construct two new single-family homes. Each residence is planned as a two-story property featuring four bedrooms, four bathrooms, a two-car garage, and approximately 3,000 square feet of living space.
- Loan Amount: $1,590,000
- Date: February 2026
