New Loan Funded!

-8013 Formby St. Riverview Fl 33578
-9311 Blanton Pl, Thonotosassa Fl 33592

Collateral:

-8013 Formby St. Riverview Fl 33578
-9311 Blanton Pl, Thonotosassa Fl 33592

Description:

Borrower has requested a $105,000 loan, to purchase and flip a mobile home property in Riverview, Florida. The property is being purchased for $105,000 and the borrower is completing an estimated $15,000 remodel with their own cash. The borrower is additionally pledging a renovated single family home in Thonotosassa as additional collateral for the loan. The renovated SFR is currently cash flowing and tenant occupied (borrower completed remodel previously). Borrower plans to complete the remodel of the mobile home and sell in 4-6 months. The borrowers own a trucking company and are also in construction, with recently completed projects, but are new to DKC Lending.

Collateral:

Description:

Borrower requested a $117,000 loan to purchase a single-family property in Fort Myers, Florida. The borrower is paying $167,500 for the property that has suffered hurricane damage in 2022. The property features 3 beds and 2 baths at 1,448 sq/ft. Borrower plans to complete a $62,800 rehab budget out of pocket, before renting the property as an annual rental to refinance as an exit to the loan.

Collateral:

Type:

Description:

Borrower requested a $110,000 loan to refinance a single-family property in Tampa, Florida. The property features 2 dwellings, a main home featuring 3 beds and 2 baths at 1,505 sq/ft and a detached apartment that holds 1 bed and 1 bath with 600 sq/ft. Borrower previously was leasing the property as an annual rental, and is between tenants, performing a full renovation of the property. Borrower plans to lease the property as a short term rental moving forward. Borrower will refinance as an exit to the loan.

Collateral:

Type:

Description:

Borrower requested a $290,000 loan to refinance 2 single-family properties in Tampa, Florida. The property located at 7406 Deleuil Ave, features 2 beds and 1 bath at 1,180 sq/ft and the property located at 7408 Deleuil Ave, features 2 beds and 2 baths at 1,581 sq/ft. Borrower plans to renovate both properties and then lease them as annual rentals before refinancing as an exit to the loan.