Mid-century island home walking distance to Siesta Key Beach needing storm-hardening, new impact glass, and modern elevation.
LOAN AMOUNT
$890,000
Coastal windstorm insurance requirements created underwriting friction with retail banks.
Adler Capital structured specialized property insurance coverage and funded $890,000 in 11 business days.
The Outcome
Resold for $1,280,000, netting $230,000 for the investor who immediately rolled profits into a multi-unit hold.
Deal Highlights
LOAN AMOUNT
$890,000
PURCHASE PRICE
$720,000
RENOVATION BUDGET
$240,000
FINANCING
90% LTV + 100% Rehab
AFTER-REPAIR VALUE
$1,250,000
PROJECT DURATION
10 Months
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
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A Miami-Dade investor bought a distressed 3/2 in Homestead at $215,000 - roof damage, mold in primary bath, and full gut-level renovation needed. Comps for updated homes: $380K-$410K.
A Doral investor picked up a 3/2 in one of Miami-Dade's fastest-growing suburbs for $420,000. Outdated kitchen, original bathrooms, carpet throughout. Updated product was moving at $650K-$680K.
