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 Outdated kitchen, original bathrooms, carpet throughout.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 Atlanta investor acquired a 10-unit apartment building in Midtown for $2,200,000 - aging but structurally sound, rents averaging $1,100 vs market of $1,450. Classic Midtown value-add.
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.
A classic Dorchester three-decker - 3 units stacked, all leased, gross rents totaling $7,400/month. Investor was buying out a partner's interest at a $695,000 valuation and needed permanent financing fast.
