Borrower requested a $975,000 loan to purchase a new construction single-family property in Bradenton, Florida. The property features 4 beds and 5 baths at 3,834 sq/ft. The borrower is a repeat DKC client and got the property under contract pre-construction at a discounted price and intends to sell the property directly after closing.
Collateral:
Type: New Construction
Description:
This is a $255,000 new construction loan request for a duplex located in Lake Wales, FL. The proposed duplex will consist of two units, each featuring three bedrooms, two bathrooms, and approximately 1,005 square feet of living space, totaling six bedrooms, four bathrooms, and 2,010 square feet of combined living space. Borrower’s refinancing strategy is designed to manage debt and cash flow based on rental income.
- Loan Amount: $255,000
- Date: June 2025
