Borrower requested a $75,000 loan to complete a residential new construction project that is currently in progress in Spring hill Florida. The borrower purchased the land and has since self-performed the build of the shell for a 1,956 sq/ft residential home. The borrower is an experienced real estate investor and builder, as well as a repeat DKC client that has paid off 5+ loans in the last 2 years.
Collateral:
Type: New Construction
Description:
This loan totals $1,590,000, with $260,000 disbursed at closing, secured by a double-lot land asset located in Safety Harbor, Florida. The site consists of approximately 0.26 acres, and the borrower intends to subdivide the parcel and construct two new single-family homes. Each residence is planned as a two-story property featuring four bedrooms, four bathrooms, a two-car garage, and approximately 3,000 square feet of living space.
- Loan Amount: $1,590,000
- Date: February 2026
