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.
A fully leased SFR in Fort Lauderdale's Victoria Park - long-term tenant paying $3,800/month. Purchase price $475,000. Numbers penciled perfectly for a DSCR loan.
Investor needed $1.2M in fast liquidity to close on a Delray Beach commercial plaza.
A 12-unit walk-up in East Boston, half occupied at heavily under-market rents. Asking $2.8M with $400K of needed renovations to bring all units to market. Stabilized NOI projected at $245K (vs. current $138K).
