A fully leased vintage triplex in trendy Seminole Heights with historic charm and stable tenancy.
LOAN AMOUNT
$460,000
Existing hard money note was maturing in 20 days with substantial penalty rate triggers.
Executed rapid rate-and-term DSCR refinance for $460,000, reducing the borrower's interest rate by 4.25%.
The Outcome
Saved borrower $1,420/month in debt service and converted high-risk bridge debt into secure 30-year fixed terms.
Deal Highlights
LOAN AMOUNT
$460,000
APPRAISED VALUE
$615,000
MONTHLY RENT
$4,100
DSCR RATIO
1.29
LTV
75%
CLOSING TIME
15 Days
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
A luxury 5-bedroom, 5.5-bath contemporary spec home with pool and rooftop terrace in Hollywood Lakes.
A 12-unit walk-up in East Boston, half occupied at heavily under-market rents. Asking $2.8M with $400K of needed renovations to bring all units to market. Stabilized NOI projected at $245K (vs. current $138K).
A 3-story beachside townhome permitted for daily vacation rentals in Pinellas County.
