New Loan Funded!

2786 N 41st Avenue St Petersburg FL 33714

Collateral:

2786 N 41st Avenue St Petersburg FL 33714

Description:

Borrower requested a $170,000 loan to purchase a single family home in St. Petersburg Fl. Borrower is a realtor and repeat client of DKC Lending. Borrower has a $20,000 renovation planned, primarily cosmetic, including paint, kitchen and bathroom updates, and will use their own capital. The roof was replaced in 2014 and needs minor repairs. Property is zoned multifamily.

Collateral:

Description:

Borrower requested a $650,000 loan to purchase a single-family property in Tarpon Springs, Florida. The property being purchased features 2 beds and 2 baths at 2,188 sq/ft with a pool. The borrower is cross collateralizing another property in pristine condition, featuring 4 beds and 5 baths in 3,849 sq/ft with a pool. The borrower will be selling the property as an exit from the loan.

Collateral:

Description:

This is a $110,000 new construction loan request to complete the construction of a single-family home in Tampa, Florida. Upon completion, the property will feature three bedrooms, two bathrooms, a two-car garage, and 1,700 square feet of living space. Once completed, the borrower plans to sell the property as an exit strategy for the loan.

Collateral:

Description:

This is a $100,000 loan request to acquire a single-family tear-down property in Tampa, FL. The existing structure is a two-bedroom, one-bathroom single-family home built in 1948, which is slated for demolition. The lot is zoned RS50 and measures 50 x 95 and 4,750 square feet. The borrower plans to sell the completed single-family home once construction is finished as an exit strategy for the loan.