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:

This is a $200,000 new construction loan request for a single-family home located in Fort Myers, FL. Upon completion, the property will comprise two separate structures: the main residence, which features seven bedrooms and six bathrooms across 1,837 heated square feet, and a 550-square-foot studio suite, totaling 2,387 square feet of heated living area. Borrower exit strategy for this particular property is a long-term hold, with plans to refinance using a debt-service coverage ratio (DSCR) loan.

Collateral:

Type:

Description:

This is a $1,350,000 refinance loan request, secured by a 12-unit multifamily property located in Tampa, Florida. The property sits on 0.54 acres and is comprised of three separate buildings totaling 11,658 square feet. The unit mix includes three 3-bedroom/1-bath units, eight 2-bedroom/1-bath units, and one 1-bedroom/1-bath unit, with 13 designated parking spaces. The borrower plans to refinance to long-term debt as an exit to the loan.

Collateral:

Description:

This is a $380,000 new construction loan request for a duplex property located in St. Petersburg, FL. Upon completion, each unit will feature three bedrooms, one bathroom, and approximately 1,005 square feet of living space. The property sits on a double lot with road access from both sides. The borrower’s primary objective is to refinance and retain the property as a long-term investment.