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.
LOAN AMOUNT
$740,000
The investor owned 11 other properties and had been turned down by two banks due to debt-to-income ratios. Needed a lender that would look at the property's income, not their balance sheet.
Adler Capital closed $740,000 at 80% LTV in 20 days. DSCR of 1.16. The only income document required was the executed lease.
The Outcome
Closed with just the lease, soft credit pull, and LLC docs. Monthly cash flow after PITI: $1,150. Investor's 12th property - and their second with Adler Capital.
Deal Highlights
LOAN AMOUNT
$740,000
PURCHASE PRICE
$925,000
MONTHLY RENT
$5,800
DSCR RATIO
1.16
LTV
80%
CLOSING TIME
20 Days
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 3/2 suburban single-family home in Coconut Creek requiring kitchen remodel, new roof, and AC replacement.
An Austin builder had a fully permitted infill lot in South Austin - 2,800 sq ft modern farmhouse targeting the $900K+ resale market. Total build cost: $520,000.
