A luxury 5-bedroom, 5.5-bath contemporary spec home with pool and rooftop terrace in Hollywood Lakes.
LOAN AMOUNT
$1,650,000
Builder needed high leverage of 75% loan-to-cost with non-Dutch interest to keep carry costs minimal during permitting.
Adler Capital provided a $1,650,000 ground-up construction facility with interest charged only on drawn funds.
The Outcome
Completed within 14 months. Under contract before Certificate of Occupancy for $2,850,000.
Deal Highlights
LOAN AMOUNT
$1,650,000
LAND ACQUISITION
$550,000
CONSTRUCTION BUDGET
$1,100,000
LEVERAGE
75% LTC
PROJECTED ARV
$2,750,000
TERM
18 Months
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