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.
TOTAL LOAN AMOUNT
$1,116,000
Builder needed to run both builds simultaneously, requiring $1,116,000 total (90% LTC) across two projects. Local banks would only do one at a time and required 6-month financials.
Adler Capital structured two simultaneous construction loans totaling $1,116,000 - 90% LTC each - with separate draw schedules for each lot. Both loans closed within 14 days.
The Outcome
Both homes sold within 30 days of listing. Combined net profit after all costs: $610,000. Builder now has 4 lots in Prosper financed through Adler Capital.
Deal Highlights
TOTAL LOAN AMOUNT
$1,116,000
TOTAL PROJECT COST
$1,240,000
HOMES
2 (3,200 sq ft each)
LTC
90%
COMBINED SALE PRICE
$2,050,000
BUILD TIME
10 Months
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
An experienced Boston investor acquired a historic Back Bay brownstone for $1,200,000 - in the same family for 40 years, untouched since the 1980s. Structure was sound, interior needed a complete overhaul.
A Scottsdale-based investor found a 4/2 ranch home in Phoenix's Arcadia adjacent neighborhood for $395,000 - original 1970s finishes, no updates since 2005. Renovated comps: $660K-$700K.
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.
