Repeat DKC Lending borrower requested a $102,000 loan to purchase a single family flip property in Panama City, Florida. The property was purchased for $145,000 and has a $16,000 cosmetic remodel planned. The property has a new metal roof from 2018.
Collateral:
Type: Fix and Lease
Description:
Borrower requested a $150,000 loan to purchase a manufactured property in Tampa, Florida. The manufactured home was built in 2017 and features 3 beds and 2 baths at 1,512 sq/ft sitting on a 1.24 acre lot. Borrower intends to refinance the loan.
- Loan Amount: $150,000
- Term: 1 Year
- Date: March 2023