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 Outdated kitchen, original bathrooms, carpet throughout.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.
A fully leased SFR in Fort Lauderdale's Victoria Park - long-term tenant paying $3,800/month. Purchase price $475,000. Numbers penciled perfectly for a DSCR loan.
A Middlesex County investor bought a 3/1 in Medford for $465,000 - original 1940s finishes, unfinished basement, needs full kitchen and bath. Updated 3/2s in Medford: $680K-$720K.
A 6-bedroom resort pool home near Disney operating as a high-occupancy Airbnb/VRBO.
