Recent Loan Closings

Collateral:

Description:

This request is for a $160,000 refinance loan , secured by a quadplex located in Lakeland, FL. The property, built in 1954, consists of four 2-bedroom, 1-bathroom units, each approximately 600 sq. ft., totaling 2,400 sq. ft. of heated living area, with four separate electrical meters and individual water connections. Borrower preferred exit strategy is to refinance.

Collateral:

Description:

This request pertains to a $360,000 new-construction loan for a single-family residential property in Largo, Florida. The proposed home will feature three bedrooms, two bathrooms, and a two-car garage, totaling approximately 1,746 square feet on a 0.19-acre lot. Borrower primary exit strategy is to sell the property.

Collateral:

Type:

Description:

The borrower requested a $152,000 loan to purchase a single-family property in Palmetto, Florida. The home features 3 bedrooms, 1 bathroom, and 1,208 square feet of living area. Borrower exis strategy is to sell the property.

Collateral:

Type:

Description:

This request is for an $80,000 secured by a single-family home in Bartow, FL. The home consists of 3 bedrooms, 2 bathrooms, and 1,444 square feet of living area on a 0.25-acre lot, and is currently in moderate-to-maintained condition. Borrower exit strategy is to refinance using Capital Market options.

Collateral:

Description:

The borrower requested a new construction loan for a waterfront luxury single-family residence in Tampa, FL. The residence will feature 6 bedrooms, 7 bathrooms, 3 powder rooms, a 4-car garage, and 10,882 heated square feet. The planned amenities include a home theater, a golf simulator, a speakeasy bar with hidden doors, an elevator, a full gym with a recovery room and sauna, and a dedicated entertainment room for children. The exterior will feature a full outdoor kitchen, pool and spa, a covered cabana with an entertainment area, and a comprehensive dock with multiple boat slips, lifts, and a jet ski dock. Borrower’s primary exit strategy is to sell a property.

Collateral:

Description:

This request is for a $390,000 bridge loan to acquire a single-family property in Belleair, FL. The existing structure will be demolished to make way for a newly constructed luxury single-family residence. The lot measures approximately 9,200 square feet. The borrower has already secured construction financing to pay off the DKC Lending bridge loan.