A Doral investor picked up a 3/2 in one of Miami-Dade's fastest-growing suburbs for $420,000. Outdated kitchen, original bathrooms, carpet throughout. Updated product was moving at $650K-$680K.
LOAN AMOUNT
$538,000
With $160K in renovations planned - full kitchen, two bath remodels, flooring, paint, and landscaping - the investor needed high leverage to keep capital free for two other projects running simultaneously.
Adler Capital funded $538,000 - 90% LTV plus full rehab budget - closing in 9 days. No income docs, no tax returns, just the deal.
The Outcome
Sold for $662,000. Net profit after all costs: $104,000. Investor had parallel deals running throughout - Adler Capital's quick funding kept the pipeline moving.
Deal Highlights
LOAN AMOUNT
$538,000
PURCHASE PRICE
$420,000
RENOVATION BUDGET
$160,000
FINANCING
90% LTV + 100% Rehab
AFTER-REPAIR VALUE
$668,000
PROJECT DURATION
9 Months
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
An investor targeting the Delray Beach long-term rental market found a clean 3/2 near Atlantic Avenue - $485,000 purchase, tenant already in place at $3,950/month with 8 months remaining on lease.
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 2-family in Lowell's Belvidere neighborhood. Both units leased to long-term tenants at $2,100 and $1,950/month. Purchase price $385,000. Investor was a school principal with W-2 income but a tight DTI.
