Borrower requested a $108,750 loan to purchase, fix and flip a single family home in Tampa, Florida. The property was purchased for $145,000 and the borrower is completing a $30,000 remodel with their own cash out of pocket. The property had a roof replacement and plumbing updates in 2016, with a city permit. Borrower plans to complete the remodel and sell the home for a profit within 8 months. The borrower will be performing the remodel work as the contractor, and has a history of multiple successful projects purchased, remodeled and sold with DKC in the last 2 years.
Collateral:
Type: Refinance
Description:
Borrower is requesting a $325,000 loan secured by a single-family property in Tampa, Florida. The property features 9 bedrooms, 5 bathrooms, 4,010 heated square feet, and sits on a 16,496-square-foot lot while being rented for $9,000 per month. The borrower plans to refinance the loan as exit strategy.
- Loan Amount: $325,000
- Date: September 2026
