Borrower requested a $320,000 loan to refinance a Mobile Home Park with 5 mobile homes in Spring Hill, Florida. The properties are leased and the units are as follows:
●MH 1 – 1,200 sq. ft., 3 bed / 2 bath
●MH 2 – 774 sq. ft., 3 bed / 2 bath
●MH 3 – 784 sq. ft., 3 bed / 2 bath
●MH4 – 607 sq. ft., 2 bed / 1 bath
●MH5 – 796 sq. ft., 3 bed / 2 bath
The borrower plans to refinance as a means of exiting the loan.
Type: Refinance
This request is for a $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.
Type: Fix and Lease
This request is for a $98,000 loan secured by a single-family property in Lakeland, Florida. The home consists of 2 bedrooms, 1 bathroom, and 1,668 square feet, with an additional bathroom. Borrower strategy for this property is to complete renovations and refinance into long-term DSCR financing through the DKC Lending Capital Markets Program.
Type: Refinance
This request is for a $550,000 refinance loan, secured by six free-and-clear properties. The collateral includes four condominium units located on Cyprus Drive in Palm Harbor, Florida, as well as two commercial properties in Winter Haven, Florida. Condominium units features one bedroom, one bathrooms, and are approximately 675 square feet, being operated as short term rentals. Borrower aims to refinance to DSCR loans as an exit to the DKC loan.
DKC Lending offers hard money lending services to real estate investors in Florida and select cities across the country. We provide borrowers with personalized loan consultation services and funding. DKC Lending also offers loan servicing for mortgage investors.
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