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 Outdated kitchen, original bathrooms, carpet throughout.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 Miami investor found a 6-unit walk-up in North Miami - newer roofs, partially updated units, $10,200/month gross rent. Purchase: $980,000. The cap rate was 6.1% and the area was rapidly gentrifying.
A South Shore investor bought a 3/1 cape in Quincy for $395,000 - dated 1950s construction, small bathroom, cramped layout. Comparables for fully renovated 3/2 capes: $580K-$620K.
A Boston-area investor was purchasing a single-family in Brookline - $925,000 purchase, tenant already in place paying $5,800/month on a two-year lease. Zero renovation needed.
