This loan request is for $160,000, representing a 56% Loan-to-Value (LTV), to fund the purchase and renovation of a manufactured mobile home in Riverview, Florida. The subject property features 2 bedrooms and 2 bathrooms, encompassing 1,680 square feet of living space. This secondary property has two bedrooms, one bathroom, and 650 square feet of living space. The borrower will refinance as an exit to the loan.
Collateral:
Type: Fix and Lease
Description:
The borrower has requested a $70,000 loan to refinance a condo property in Punta Gorda, Florida. The borrower is paid $118,000 for the property. The property features 2 beds and 1 bath at 1,037 sq/ft. The borrower refinance as an exit to the loan with DKC using a DSCR product.
- Loan Amount: $70,000
- Date: December 2024
