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.
A Cambridge condo conversion play - investor was buying a 6-unit building near Inman Square at $2.4M to convert and sell as individual units. Permits already in hand from the prior owner.
A 1920s craftsman bungalow in St. Petersburg requiring historical restoration, foundation leveling, and modern master suite addition.
Investor bought a waterfront estate for $1.8M in cash to win a fierce bidding war, then needed to pull cash back out immediately.
