A Charlotte developer had 15 townhome lots in a fast-growing suburb - all pre-sold before breaking ground. Total project cost: $8,200,000.
LOAN AMOUNT
$6,150,000
Three unit buyers had rate locks expiring - any construction delay would cost buyers. Needed 75% LTC with a reliable draw schedule and fast initial funding.
Adler Capital structured $6,150,000 at 75% LTC with bi-weekly draw inspections and 5-business-day funding on each draw request.
The Outcome
All 15 units delivered on time. Developer profit after all costs: $1,800,000. Now working with Adler Capital on a 22-unit follow-up in the same submarket.
Deal Highlights
LOAN AMOUNT
$6,150,000
TOTAL PROJECT COST
$8,200,000
UNITS
15 Townhomes
LTC
75%
COMBINED SALES
$10,950,000
PROJECT DURATION
11 Months
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
A Dallas builder had two permitted lots in Frisco - 3,200 sq ft new construction homes in a neighborhood where comparable product was selling at $980K-$1.05M. Total cost per unit: $620,000.
A Miami-Dade investor bought a distressed 3/2 in Homestead at $215,000 - roof damage, mold in primary bath, and full gut-level renovation needed. Comps for updated homes: $380K-$410K.
A Palm Beach County builder had a fully permitted infill lot in a West Palm Beach neighborhood where updated product was selling at $850K-$900K. Total build cost including lot: $580,000. Clean margin at 90% LTC.
