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.
LOAN AMOUNT
$521,500
Impact windows alone were $45K. Total reno budget: $175,000. Investor needed 100% of renovation costs covered and quick approval - two other buyers were circling.
Adler Capital funded $521,500 - 90% LTV purchase plus 100% rehab - in 10 days. Custom draw schedule released funds as each trade completed.
The Outcome
Listed at $679,000, sold in 8 days. Net profit after costs: $118,000. The investor's third flip with Adler Capital - turnaround from contract to cash in hand was under 11 months.
Deal Highlights
LOAN AMOUNT
$521,500
PURCHASE PRICE
$385,000
RENOVATION BUDGET
$175,000
FINANCING
90% LTV + 100% Rehab
AFTER-REPAIR VALUE
$668,000
PROJECT DURATION
10 Months
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
A New York investor acquiring an 8-unit brownstone in Crown Heights - $3,800,000 purchase, 95% occupied, $34,000/month gross rent. Seller needed to close in 30 days or the deal was dead.
An 8-unit garden apartment building in Hialeah with 100% occupancy and rents 30% below market.
A Charlotte developer had 15 townhome lots in a fast-growing suburb - all pre-sold before breaking ground. Total project cost: $8,200,000.
