Borrower requested a $75,000 loan to complete a residential new construction project that is currently in progress in Spring hill Florida. The borrower purchased the land and has since self-performed the build of the shell for a 1,956 sq/ft residential home. The borrower is an experienced real estate investor and builder, as well as a repeat DKC client that has paid off 5+ loans in the last 2 years.
Collateral:
Type: New Construction
Description:
This is a $120,000 new construction loan request secured by a single-family home located in Spring Hill, Florida. The property is being built as a 4-bedroom, 2-bathroom residence with a 2-car garage, totaling 2,123 square feet. The home is fully dried in, with interior drywall and texture finished, bathroom tile installed, and all exterior work complete except for landscaping and the driveway. The planned exit strategy is to sell the property upon completion.
- Loan Amount: $120,000
- Date: September 2025
