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 Flip
Description:
This is a $1,505,000 loan request to purchase a stabilized commercial office property located in Tampa, Florida. The collateral consists of a fully occupied, single-story office building containing 10 individual suites and approximately 5,788 square feet of heated space situated on a 14,792-square-foot (0.34-acre) corner lot. The primary exit strategy is to sell a property.
- Loan Amount: $1,505,000
- Date: June 2026
