A quadplex near Miami Design District with below-market leases approaching renewal.
LOAN AMOUNT
$1,450,000
Bank underwriting penalized the borrower for low historical Schedule E income.
Utilized market rent appraisal (Form 1007) to qualify the deal at future market rent, securing a $1,450,000 loan.
The Outcome
Closed under Florida LLC. Borrower increased rents post-closing, raising DSCR to 1.42x.
Deal Highlights
LOAN AMOUNT
$1,450,000
PURCHASE PRICE
$1,935,000
MONTHLY RENT
$12,800
DSCR RATIO
1.25
LTV
75%
CLOSING TIME
22 Days
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
A high-net-worth investor found a tenant-ready 4/3 in West Boca - $625,000 purchase, existing tenant paying $5,200/month on a renewable lease. Zero work needed, just close and collect.
Dated 1960s ranch property on an oversized corner lot in College Park near downtown Orlando.
A seasoned South Florida investor spotted a dated 3/2 in Coconut Grove - great bones, terrible finishes. Asking: $310,000. Comps for fully renovated homes were hitting $620K-$650K.
