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:
â—MH 1 – 1,200 sq. ft., 3 bed / 2 bath
â—MH 2 – 774 sq. ft., 3 bed / 2 bath
â—MH 3 – 784 sq. ft., 3 bed / 2 bath
â—MH4 – 607 sq. ft., 2 bed / 1 bath
â—MH5 – 796 sq. ft., 3 bed / 2 bath
The borrower plans to refinance as a means of exiting the loan.
Type: Refinance
Borrower requested a $200,000 refinance loan secured by a single-family residence in Tampa, Florida. Built in 1980, the property features 3 bedrooms, 2 bathrooms, and 1,562 square feet of living space situated on a 0.19-acre lot. Upon completion of the renovations, the borrower intends to refinance into a long-term DSCR loan as the exit strategy.
Type: Refinance
This is a $265,000 loan request for a single-family property in Miami, Florida. The collateral is a 1960-built CBS single-family residence, 974 SF heated area, 3 bedrooms / 2 bathrooms on a 7,500 SF lot.
Type: Fix and Lease
This is a $156,000 loan request for a repeat client, secured by a single-family residential property. The property consists of 3 bedrooms, 1 bathroom, 2,334 square feet of living area, and a one-car garage. The borrower’s planned exit strategy for this loan is a DSCR refinance.
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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