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: Fix & Flip
Description:
Borrower requested a $142,000 loan to purchase a single-family property in Weeki Wachee, Florida. The property features 3 beds and 2 baths at 1,516 sq/ft sitting on a 8,800 sq/ft lot. Borrower plans to list the property for sale after the renovation as an exit to the loan.
- Loan Amount: $142,000
- Date: May 2023
