New Loan Funded!

8900 Blind Pass Rd #A107, Sarasota Fl 34242
Collateral 2: 8900 Blind Pass Rd #A307, Sarasota Fl 34242
Collateral 3: 18610 Gulf Blvd #2, Indian Shores Fl 33785

Collateral:

8900 Blind Pass Rd #A107, Sarasota Fl 34242
Collateral 2: 8900 Blind Pass Rd #A307, Sarasota Fl 34242
Collateral 3: 18610 Gulf Blvd #2, Indian Shores Fl 33785

Description:

Borrower requested a $1,300,000 loan to purchase 2 beach front condos in Sarasota, Florida, while additionally pledging a 3rd free and clear beach condo that is already owned. The borrower paid $785,000 for each condominium unit, both are turn key & move in ready. Borrower plans to lease the property for short term beach rentals (1 week minimum lease term per HOA) and refinance as an exit to the loan.

Collateral:

Type:

Description:

Borrower requested a $150,000 loan to refinance a single-family property in St. Pete Beach, Florida. The borrower purchased the property in 2017 for $1,181,000. The property features 3 beds and 3 baths at 2,501 sq/ft. Borrower plans to sell the property in the next 3-6 months as an exit to the loan.

Collateral:

Type:

Description:

Borrower requested a $92,000 loan to purchase a manufactured home property in Tampa, Florida. The borrower paid $140,000 for the property and has a $15,000 construction budget planned, where DKC will provide a draw schedule. The property features 2 beds and 2 baths at 1,280 sq/ft. Borrower plans to refinance and hold the property as an annual rental as an exit the loan.

Collateral:

Type:

Description:

Borrower requested a $60,000 loan to refinance a duplex property in Tampa, Florida. The borrower purchased the property in 2003 and currently has the property leased for a combined $1,925/ month as annual rentals. The property features 2 units, each with 1 bed and 1 bath at a combined 1,290 sq/ft with an exterior laundry room. The borrower plans to refinance as an exit from the loan.