Borrower requested a $51,000 loan to purchase a 3 bed 2 bath manufactured mobile home in Montverde, Florida. The property is being purchased for $85,000 and the borrower is planning a $35,000 cosmetic renovation. Borrower is a repeat client of DKC Lending.
Collateral:
Type: Fix and Lease
Description:
Borrower requested a $150,000 loan to purchase a manufactured property in Tampa, Florida. The manufactured home was built in 2017 and features 3 beds and 2 baths at 1,512 sq/ft sitting on a 1.24 acre lot. Borrower intends to refinance the loan.
- Loan Amount: $150,000
- Term: 1 Year
- Date: March 2023