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.
An experienced Tampa investor acquired a 10-unit multifamily at $2,800,000 - 100% occupied but rents were 22% below market due to a decade of deferred maintenance and no unit upgrades.
A Hollywood investor picked up a 3/2 ranch home one block from Hollywood Beach for $385,000. Dated 1980s finishes, no impact windows, original roof. Comps for updated product: $650K-$680K.
A portfolio investor acquiring their 8th rental found a tenant-ready SFR in Kendall - $575,000 purchase, tenant already paying $4,200/month on a 12-month lease.
