Borrower requested a $150,000 loan to purchase a single-family, fix and flip in Palm Harbor, Florida. The borrower paid $270,000 for the property and has a minor cosmetic $15,000 renovation planned. Borrower works for a construction company and will be performing the majority of the work himself. Borrower has closed 6+ loans with DKC in the last 12 months.
Collateral:
Type: Refinance
Description:
This request is for a $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.
- Loan Amount: $400,000
- Date: October 2025