Borrower requested a $200,000 loan to purchase a 10-acre property that features a manufacture mobile home, horse farm and barn in Lithia, Florida. The borrower paid $400,000 for the property and has plans to build a new construction home with a $250,000 budget on the property. The borrower is a repeat client with DKC Lending.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
