Borrower requested a $232,000 loan to purchase a single-family property in Tampa, Florida. The borrower paid $280,000 for the property and has a $70,000 construction budget planned in which DKC Lending will have a $35,000 construction holdback. Borrower plans to sell the property for a profit after the renovation is complete.
Collateral:
Type: Fix and Lease
Description:
This financing opportunity involves a $2.5 million lending request structured as two interest-only mortgages with a 2-year term and 12% fixed interest. The transaction includes a commercial acquisition loan supported by multiple commercial real estate assets, along with a separate residential refinance, resulting in a conservative overall loan-to-value ratio backed by substantial collateral. The primary exit strategy is to refinance the commercial property.
- Loan Amount: $2,500,000
- Date: July 2026
