Fix & Flip

Waterfront Flip · Pompano Beach, FL

A Broward County investor found a 4/3 waterfront in Pompano - dated 1990s finishes, no pool, original kitchen. Priced at $780K. Updated waterfront homes with pools were trading above $1.2M.

LOAN AMOUNT

$1,080,000

Waterfront Flip · Pompano Beach, FL

$380K renovation budget included pool addition, new dock, full kitchen and bath remodels, and impact windows throughout. Needed 90% of purchase plus 100% of rehab - leverage most lenders won't touch.

Adler Capital structured $1,080,000 - 90% LTV plus 100% rehab - with a custom draw schedule aligned to the pool/dock timeline. Closed in 12 days.

The Outcome

Listed at $1,385,000, sold in 11 days for $1,350,000. Net profit after all costs: $198,000.

Deal Highlights

LOAN AMOUNT

$1,080,000

PURCHASE PRICE

$780,000

RENOVATION BUDGET

$380,000

FINANCING

90% LTV + 100% Rehab

AFTER-REPAIR VALUE

$1,350,000

PROJECT DURATION

12 Months

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