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:
Borrower has requested $125,000 to complete construction of a two-story, wood-frame duplex in Augusta, GA. Each unit of the duplex will offer 1,580 square feet of living space, with 794 square feet on the first floor and 786 square feet on the second. The borrower’s primary exit strategy is to sell the completed duplex.
- Loan Amount: $125,000
- Date: October 2026
