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 is a $155,000 refinance loan request, secured by a single-family residence located in Jacksonville, Florida. The subject property is a 3-bedroom, 2-bathroom home with 1,545 square feet of living area, a 1-car garage and an inground pool. The borrower will list the property for sale as the exit strategy to repay the loan in full.
Type: Fix and Flip
This request is for a $200,000 fix-and-flip loan, secured by a waterfront single-family home located in Port Charlotte, Florida. The property consists of three bedrooms, three bathrooms, and 2,170 square feet of living space across two stories, along with a two-car garage. The borrower intends to repay the loan with proceeds from other investments once finalized, or refinance into long-term debt as an alternative exit strategy.
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.
DKC Lends Hard Money in:
COPYRIGHT © 2024 – DKCLENDING.COM
