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: New Construction
Description:
Borrower requested a $425,000 loan to begin construction on a single-family property in Lakeland, Florida. The property will feature 4 beds and 3 baths at 3,727 sq/ft. The target sale price for the completed property is estimated $1.1 million.
- Loan Amount: $425,000
- Date: September 2024