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 Broward County investor found a 4/3 waterfront in Pompano - dated 1990s finishes, no pool, original kitchen. Priced at $780K. Updated waterfront homes with pools were trading above $1.2M.
A Middlesex County investor bought a 3/1 in Medford for $465,000 - original 1940s finishes, unfinished basement, needs full kitchen and bath. Updated 3/2s in Medford: $680K-$720K.
An 8-unit walk-up in Worcester's Main South neighborhood. Fully leased, NOI of $79,000, asking $895,000. Investor wanted to add it to a portfolio of three Worcester multifamilies he already owned.
