Borrower requested a $243,000 loan to purchase a single-family property in Tampa, Florida. The borrower paid $305,000 for the property and has a $60,000 construction budget planned. DKC Lending will hold back $30,000 in a construction draw schedule. Borrower plans to Airbnb this property after the renovation and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
This is a $150,000 refinance loan request secured by a single-family residence located in Tampa, Florida. The subject property includes three bedrooms, two bathrooms, and approximately 1,200 square feet of living space. The borrower plans to refinance into a DSCR loan as an exit from the loan.
- Loan Amount: $150,000
- Date: May 2025
