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:
Borrower requested a $155,000 loan to refinance a single-family property in Tampa, Florida. The property features 2 beds and 1 bath at 1,108 sq/ft, and is tenant occupied. The borrower is using proceeds to complete a build at a different location and will sell the other investment property to exit the loan.
- Loan Amount: $155,000
- Date: July 2024
