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:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
