A 3/2 suburban single-family home in Coconut Creek requiring kitchen remodel, new roof, and AC replacement.
LOAN AMOUNT
$410,000
First-time professional flipper needed hands-on draw schedule guidance and responsive underwriting.
Adler Capital guided the investor and funded $410,000 at 90% purchase / 100% rehab in 10 days.
The Outcome
Sold in 12 days for $570,000. Sponsor has since completed three additional projects with Adler Capital.
Deal Highlights
LOAN AMOUNT
$410,000
PURCHASE PRICE
$330,000
RENOVATION BUDGET
$110,000
FINANCING
90% LTV + 100% Rehab
AFTER-REPAIR VALUE
$565,000
PROJECT DURATION
6 Months
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