A 1920s craftsman bungalow in St. Petersburg requiring historical restoration, foundation leveling, and modern master suite addition.
LOAN AMOUNT
$440,000
Strict municipal historic guidelines and unknown plumbing/electrical issues risked project timeline delays.
Structured a flexible $440,000 renovation bridge facility with contingency reserves and non-Dutch interest.
The Outcome
Achieved neighborhood record price-per-square-foot on resale at $640,000 with multiple over-asking offers.
Deal Highlights
LOAN AMOUNT
$440,000
PURCHASE PRICE
$360,000
RENOVATION BUDGET
$120,000
FINANCING
90% LTV + 100% Rehab
AFTER-REPAIR VALUE
$625,000
PROJECT DURATION
6 Months
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
Three adjacent duplexes in Jacksonville's Riverside neighborhood totaling 6 leased units.
Mid-century island home walking distance to Siesta Key Beach needing storm-hardening, new impact glass, and modern elevation.
A distressed 4/2 single-family residential property located in the rapidly appreciating Tampa Heights corridor.
