Borrower requested a $250,000 loan to refinance a new construction project of a duplex residence in Kissimmee, Florida. Each unit will feature 3 beds and 2 baths at 1,505 sq/ft each. The borrower plans to lease each unit upon completion and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
This is a $540,000 new construction loan request from a returning DKC Lending borrower. Once finished, the property will feature four bedrooms, four bathrooms, a three-car garage, a boat dock, a boat lift, and 2,404 square feet of living space. The borrower primary exit strategy for this loan is to sell the property.
- Loan Amount: $540,000
- Date: April 2025
