Borrower requested a $127,500 loan to purchase a single-family property in Valrico, Florida. The borrower paid $162,000 for the property and has a $30,000 construction budget planned, and DKC will have a $15,000 Construction holdback. The renovation is primarily cosmetic. ARV estimated around $270,000.
Collateral:
Type: Fix and Lease
Description:
Borrower requested a $650,000 loan to purchase a single-family property in Tarpon Springs, Florida. The property being purchased features 2 beds and 2 baths at 2,188 sq/ft with a pool. The borrower is cross collateralizing another property in pristine condition, featuring 4 beds and 5 baths in 3,849 sq/ft with a pool. The borrower will be selling the property as an exit from the loan.
- Loan Amount: $650,000
- Date: March 2025