Fix & Flip

Fix-and-Flip · Lake Worth, FL

A Palm Beach County investor found a 3/1 in Lake Worth Beach for $195,000 - original 1960s construction, all original finishes, roof past useful life. Updated 3/2s in the area: $340K-$370K.

LOAN AMOUNT

$285,500

Fix-and-Flip · Lake Worth, FL

Adding a bathroom was central to the value thesis. The $110K renovation budget included a bath addition, full kitchen remodel, new roof, and exterior paint. Needed 100% of rehab covered.

Adler Capital funded $285,500 - 90% purchase plus 100% rehab - in 9 days. Draw schedule structured to release roofing and bathroom addition funds first.

The Outcome

Sold for $362,000. Net profit: $67,000. A lean, fast deal - investor had all capital recycled and redeployed within 7 months.

Deal Highlights

LOAN AMOUNT

$285,500

PURCHASE PRICE

$195,000

RENOVATION BUDGET

$110,000

FINANCING

90% LTV + 100% Rehab

AFTER-REPAIR VALUE

$355,000

PROJECT DURATION

7 Months

Ready to Structure Your Deal?

Get a custom term sheet in 24 hours.