Borrower requested a $145,000 loan to purchase a townhouse in Tampa FL. Borrower paid $178,000 for the property and has a $35,000 construction budget planned, primarily cosmetic in which DKC will provide a draw schedule. The property features 3 beds, 2 baths at 1,211 Sq Ft. The borrower plans to refinance the property for a long term rental as an exit to the loan.
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