A portfolio investor acquiring their 8th rental found a tenant-ready SFR in Kendall - $575,000 purchase, tenant already paying $4,200/month on a 12-month lease.
LOAN AMOUNT
$460,000
Investor had maxed conventional loan limits. Income was pass-through LLC distributions - useless for traditional bank underwriting.
Adler Capital closed $460,000 at 80% LTV in 22 days. Pure DSCR underwriting - 1.23 ratio. No personal income docs at any point.
The Outcome
Deal closed clean. Tenant renewed for another 12 months. Monthly cash flow after debt service: $940. This investor now uses Adler Capital exclusively for rental acquisitions.
Deal Highlights
LOAN AMOUNT
$460,000
PURCHASE PRICE
$575,000
MONTHLY RENT
$4,200
DSCR RATIO
1.23
LTV
80%
CLOSING TIME
22 Days
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.
An experienced Tampa investor acquired a 10-unit multifamily at $2,800,000 - 100% occupied but rents were 22% below market due to a decade of deferred maintenance and no unit upgrades.
A Doral investor picked up a 3/2 in one of Miami-Dade's fastest-growing suburbs for $420,000. Outdated kitchen, original bathrooms, carpet throughout. Updated product was moving at $650K-$680K.
