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: New Construction
Description:
Borrower has requested $125,000 to complete construction of a two-story, wood-frame duplex in Augusta, GA. Each unit of the duplex will offer 1,580 square feet of living space, with 794 square feet on the first floor and 786 square feet on the second. The borrower’s primary exit strategy is to sell the completed duplex.
- Loan Amount: $125,000
- Date: October 2026
