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: Fix and Lease
This request is for a $160,000 refinance loan , secured by a quadplex located in Lakeland, FL. The property, built in 1954, consists of four 2-bedroom, 1-bathroom units, each approximately 600 sq. ft., totaling 2,400 sq. ft. of heated living area, with four separate electrical meters and individual water connections. Borrower preferred exit strategy is to refinance.
Type: New Construction
This request pertains to a $360,000 new-construction loan for a single-family residential property in Largo, Florida. The proposed home will feature three bedrooms, two bathrooms, and a two-car garage, totaling approximately 1,746 square feet on a 0.19-acre lot. Borrower primary exit strategy is to sell the property.
Type: Fix and Flip
The borrower requested a $152,000 loan to purchase a single-family property in Palmetto, Florida. The home features 3 bedrooms, 1 bathroom, and 1,208 square feet of living area. Borrower exis strategy is to sell the property.
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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