Borrower requested a $240,000 loan to refinance a single family fix and flip property in Rockledge, FL. The borrower paid $211,000 for the property and has completed 80% of a $120,000 total construction budget. DKC will hold $20,000 back until construction is completed. The property features 4 beds and 3 baths at a total 2,077 sq/ft. Additionally the borrower is pleding a vacant piece of land currently owned. Borrower plans to finish the rehab and then sell the property after the renovation.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
