Borrower requested a $250,00 loan to purchase a single-family property in Largo, Florida. The property has a single-family residence featuring 3 beds and 1 bath at 988 sq/ft. sitting on a double-lot. The borrower plans to build a single-family residence with 1,700 sq/ft in the split parcel and list it for sale.
Collateral:
Type: Refinance
Description:
This is a $540,000 new construction loan request from a returning DKC Lending borrower. Once finished, the property will feature four bedrooms, four bathrooms, a three-car garage, a boat dock, a boat lift, and 2,404 square feet of living space. The borrower primary exit strategy for this loan is to sell the property.
- Loan Amount: $540,000
- Date: April 2025