A seasoned South Florida investor spotted a dated 3/2 in Coconut Grove - great bones, terrible finishes. Asking: $310,000. Comps for fully renovated homes were hitting $620K-$650K.
LOAN AMOUNT
$495,000
Competing against two cash buyers, needed to close in under 14 days, and required 100% of a $145K renovation budget covered - kitchen gut, new flooring, landscaping, full primary bath remodel.
Adler Capital funded $495,000 - 90% of purchase plus 100% of rehab - with approval in 48 hours and closing in 11 days. Draw schedule released funds at each renovation milestone.
The Outcome
Listed at $649,000, went under contract in 6 days. After loan payoff and costs, investor netted $127,000 - their best flip in two years. Two more deals followed with Adler Capital.
Deal Highlights
LOAN AMOUNT
$495,000
PURCHASE PRICE
$310,000
RENOVATION BUDGET
$145,000
FINANCING
90% LTV + 100% Rehab
AFTER-REPAIR VALUE
$640,000
PROJECT DURATION
9 Months
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
A South Florida investor identified a fully occupied 4-unit in Hialeah - all 2/1 units, long-term tenants, $6,800/month gross rent. Purchase: $620,000. Cap rate coming in at 5.8% with upside on turnover.
A high-net-worth investor found a tenant-ready 4/3 in West Boca - $625,000 purchase, existing tenant paying $5,200/month on a renewable lease. Zero work needed, just close and collect.
An Austin builder had a fully permitted infill lot in South Austin - 2,800 sq ft modern farmhouse targeting the $900K+ resale market. Total build cost: $520,000.
