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: Refinance
Description:
Borrower requested a $125,000 loan to refinance a single-family property located in Deltona,
Florida. The property features 4 beds and 2 baths at 1,668 sq/ft. The property is currently leased as an annual rental. Borrower plans to refinance as an exit to the loan.
- Loan Amount: $125,000
- Date: September 2023
