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
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
A Miami investor found a 6-unit walk-up in North Miami - newer roofs, partially updated units, $10,200/month gross rent. Purchase: $980,000. The cap rate was 6.1% and the area was rapidly gentrifying.
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.
An 8-unit garden apartment building in Hialeah with 100% occupancy and rents 30% below market.
