Borrower requested a $50,000 loan to purchase a fix and lease, single-family property in Jacksonville, Florida. The borrower paid $35,000 for the property and has a $60,000 construction budget planned, DKC will provide a construction holdback. The property features 2 beds and 1 bath at 1,080 sq/ft. ARV estimated around $120,000. Borrower plans to rehab the property and lease the property as an annual rental after the renovation and refinance as an exit to the loan.
Collateral:
Type: Fix and Lease
Description:
The borrower has requested a $242,000 loan to purchase a townhome in Wesley Chapel, Florida. The home was completed in 2025 and features 3 bedrooms, 2.5 bathrooms, and approximately 2,132 square feet of living space across two stories. The property also includes a two-car garage. As an exit strategy, borrower intends to refinance the property.
- Loan Amount: $242,000
- Date: June 2026
