Dated 1960s ranch property on an oversized corner lot in College Park near downtown Orlando.
LOAN AMOUNT
$510,000
Borrower needed closing in 10 days to satisfy seller's tight relocation deadline.
Adler Capital provided $510,000 in direct bridge debt with draw milestones pegged to electrical and roof completion.
The Outcome
Sold under contract in 4 days at $730,000. Sponsor generated a $165,000 net return.
Deal Highlights
LOAN AMOUNT
$510,000
PURCHASE PRICE
$420,000
RENOVATION BUDGET
$135,000
FINANCING
90% LTV + 100% Rehab
AFTER-REPAIR VALUE
$715,000
PROJECT DURATION
8 Months
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