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: Fix and Lease
Description:
This financing opportunity involves a $2.5 million lending request structured as two interest-only mortgages with a 2-year term and 12% fixed interest. The transaction includes a commercial acquisition loan supported by multiple commercial real estate assets, along with a separate residential refinance, resulting in a conservative overall loan-to-value ratio backed by substantial collateral. The primary exit strategy is to refinance the commercial property.
- Loan Amount: $2,500,000
- Date: July 2026
