This is a $495,000 loan request for acquiring two adjacent land parcels on Sligh Avenue in Tampa, Florida. The proposed homes will range from 3,200 to 3,600 square feet of livable space and are expected to feature modern architectural design, luxury finishes, lanais, pools, and other high-end amenities. The anticipated exit strategy is to transition into a construction loan with DKC Lending to sell the completed homes on the open market.
Collateral:
Type: New Construction
Description:
Borrower requested a $110,000 loan to complete construction of a single-family property in Lehigh, Florida. The property features 4 bedrooms and 3 bathrooms, 2,152 square feet of living space, and a 2-car garage on a 0.25-acre lot. Borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
- Loan Amount: $110,000
- Date: July, 2026
