This request is for a $4,000,000 refinance loan secured by a luxury single-family residence located in Odessa, Florida. The property offers approximately 13,168 square feet of living space, including 8 bedrooms, 5 bathrooms, 2 full interior kitchens, an outdoor kitchen and entertainment area, a 4-car garage, a gym, office space, a movie theater, and an in-ground pool with a lazy river. Borrower is currently pursuing conventional bank financing to refinance select properties and restructure existing hard money debt with DKC.
Collateral:
Type: Fix and Lease
Description:
This financing opportunity involves a $2.5 million lending request structured as two interest-only mortgages with a 2-year term and 12% fixed interest. The transaction includes a commercial acquisition loan supported by multiple commercial real estate assets, along with a separate residential refinance, resulting in a conservative overall loan-to-value ratio backed by substantial collateral. The primary exit strategy is to refinance the commercial property.
- Loan Amount: $2,500,000
- Date: July 2026
