Borrower requested a $120,000 loan, to purchase a single-family property in Tampa, Florida. The borrower payed $175,000 for the property and has a $125,000 construction budget planned that includes adding a second story to the existing structure. Borrower has completed multiple real estate projects with DKC including ongoing development projects.
Collateral:
Type: Fix and Flip
Description:
This is a $305,000 acquisition (land) loan secured by a tear-down single- family property located in Clearwater Beach, Florida. The subject property sits on a 0.16-acre lot (7,083 square feet) in a flood zone. The primary exit strategy for this loan is to build and sell a new construciton property.
- Loan Amount: $305,000
- Date: January 2026
