A Nashville investor identified a 4/2 in a fast-appreciating East Nashville neighborhood - $440,000 purchase, tenant locked in at $3,600/month, strong appreciation market with limited inventory.
LOAN AMOUNT
$352,000
Investor had a complex tax situation - multiple LLC pass-throughs and depreciation made W-2 underwriting unfavorable. Needed a lender focused on the property's performance.
Adler Capital closed $352,000 at 80% LTV in 20 days. DSCR of 1.19. Zero income verification.
The Outcome
Closed cleanly. Cash flow after PITI: $760/month. Property has appreciated 18% since purchase - investor has begun exploring a cash-out refi to fund next acquisition.
Deal Highlights
LOAN AMOUNT
$352,000
PURCHASE PRICE
$440,000
MONTHLY RENT
$3,600
DSCR RATIO
1.19
LTV
80%
CLOSING TIME
20 Days
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