New Loan Funded!

5169 Moog Rd, New Port Richey, Fl 34652

Collateral:

5169 Moog Rd, New Port Richey, Fl 34652

Description:

Borrower requested a $105,000 loan to refinance a new-construction project in New Port Richey, Florida. To date, the borrower purchased and started construction using cash, and has spent roughly $150,000 to date. The property is now dried in and recently passed rough mechanical, and plumbing city inspections. The completed home will feature 3 beds and 2 baths at a total of 2,379 sq/ft (1,671 heated) with an estimated ARV of $350,000+.

Collateral:

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Description:

Borrower requested a $150,000 loan to refinance a single-family property in St. Pete Beach, Florida. The borrower purchased the property in 2017 for $1,181,000. The property features 3 beds and 3 baths at 2,501 sq/ft. Borrower plans to sell the property in the next 3-6 months as an exit to the loan.

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Description:

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.

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Description:

Borrower requested a $60,000 loan to refinance a duplex property in Tampa, Florida. The borrower purchased the property in 2003 and currently has the property leased for a combined $1,925/ month as annual rentals. The property features 2 units, each with 1 bed and 1 bath at a combined 1,290 sq/ft with an exterior laundry room. The borrower plans to refinance as an exit from the loan.