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: Refinance
Description:
Borrower requested a $130,000 loan to refinance a single-family property in Clearwater, Florida. The property features 3 beds and 2 baths at 1,858 sq/ft. The borrower has the property listed for sale and will sell the property as an exit to the loan.
- Loan Amount: $130,000
- Date: April 2024
