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
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 seasoned South Florida investor spotted a dated 3/2 in Coconut Grove - great bones, terrible finishes. Asking: $310,000. Comps for fully renovated homes were hitting $620K-$650K.
A Denver investor targeting the Highlands neighborhood found a fully rented 3/2 - $575,000 purchase, tenant at $3,200/month on a 12-month lease. Property was in excellent condition - no work required.
