Borrower requested a $243,000 loan to purchase a single-family property in Tampa, Florida. The borrower paid $305,000 for the property and has a $60,000 construction budget planned. DKC Lending will hold back $30,000 in a construction draw schedule. Borrower plans to Airbnb this property after the renovation and refinance as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
