A historical 6-unit apartment building in Little Havana requiring cosmetic revitalization and electrical updates.
LOAN AMOUNT
$1,350,000
Local regional bank rescinded loan approval 5 days before contractual closing date.
Adler Capital stepped in and funded $1,350,000 in 6 business days, preserving the buyer's $100K earnest deposit.
The Outcome
Buyer executed renovation plan and increased Net Operating Income by 38% in year one.
Deal Highlights
LOAN AMOUNT
$1,350,000
PURCHASE PRICE
$1,750,000
LEVERAGE
77% LTV
MONTHLY RENT
$11,400
CLOSING TIME
6 Days
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
A Coral Gables Mediterranean-style home - 4/3, original 1970s kitchen and baths, popcorn ceilings throughout. Purchase: $695,000. Updated homes in the same streets were trading at $1.1M+.
Investor needed $1.2M in fast liquidity to close on a Delray Beach commercial plaza.
Dated 1960s ranch property on an oversized corner lot in College Park near downtown Orlando.
