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: Refinance
Description:
This is a $100,000 refinance loan request at 50% loan-to-value (LTV), secured by a Lake Worth, Florida condominium unit. The property has two bedrooms, two and a half bathrooms, and approximately 1,500 square feet of living space. Borrower plans to complete the renovation and exit the loan through a conventional property sale.
- Loan Amount: $100,000
- Date: June 2025