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: New Construction
This is a $200,000 new construction loan request secured by a single-family new construction project in Tampa, FL. The subject property will feature 3 bedrooms and 2 bathrooms, a 1-car garage with 1,176 square feet of living space. The borrower plans to refinance the property as an exit to this loan.
Type: Fix and Lease
Borrower requested a $550,000 fix-and-lease loan request secured by a commercial property in
Clearwater, FL, and 2 ongoing construction projects consisting of single-family homes in Dunedin, FL. The primary exit strategy is to sell the property.
Type: New Construction
This request is for a $170,000 new construction loan, secured by a single-family residence in Dover, Florida. The planned improvements include a 1,849-square-foot home with three bedrooms, two bathrooms, an office, a two-car garage, and a covered lanai. The borrower primary exit strategy is to sell the property upon completion.
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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