Borrower requested a $92,000 loan to purchase a manufactured home property in Tampa, Florida. The borrower paid $140,000 for the property and has a $15,000 construction budget planned, where DKC will provide a draw schedule. The property features 2 beds and 2 baths at 1,280 sq/ft. Borrower plans to refinance and hold the property as an annual rental as an exit the loan.
Collateral:
Type: New Construction
Description:
This is a $200,000 new construction loan request secured by a single-family new construction project in Tampa, FL. The subject property will feature 3 bedrooms and 2 bathrooms, a 1-car garage with 1,176 square feet of living space. The borrower plans to refinance the property as an exit to this loan.
- Loan Amount: $$200,000
- Date: May 2026
