Borrower requested a $50,000 loan to purchase a fix and lease, single-family property in Jacksonville, Florida. The borrower paid $35,000 for the property and has a $60,000 construction budget planned, DKC will provide a construction holdback. The property features 2 beds and 1 bath at 1,080 sq/ft. ARV estimated around $120,000. Borrower plans to rehab the property and lease the property as an annual rental after the renovation and refinance 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
