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
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
A 5-unit walk-up in Springfield's Forest Park section. Stabilized, all rents at market, NOI $42,000. Asking $385,000. Investor was 1031'ing out of a Tampa duplex and racing the 180-day exchange clock.
An 8-unit garden apartment building in Hialeah with 100% occupancy and rents 30% below market.
A Broward County investor found a 4/3 waterfront in Pompano - dated 1990s finishes, no pool, original kitchen. Priced at $780K. Updated waterfront homes with pools were trading above $1.2M.
