Borrower requested a $250,000 loan to purchase a single family property in Temple Terrace, Florida. Property is a 3 bed 2 bath a 1,915 sq/ft. The borrower paid $307,000 for the property and has a $68,000 construction budget planned in which DKC Lending will have a $35,000 construction holdback.
Collateral:
Type: Fix and Lease
Description:
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.
- Loan Amount: $160,000
- Date: December 2025
