Real estate operator facing an aggressive hard money balloon note default on a renovated 4-unit property.
LOAN AMOUNT
$850,000
Existing hard money lender filed foreclosure notice, preventing conventional refinancing.
Adler Capital provided an expedited $850,000 bridge payoff note in 6 business days, stopping foreclosure.
The Outcome
Protected over $400,000 in accumulated borrower equity and stabilized the property for long-term hold.
Deal Highlights
LOAN AMOUNT
$850,000
PROPERTY VALUE
$1,250,000
LEVERAGE
68% LTV
TERM
12 Months
CLOSING TIME
6 Days
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
An experienced Boston investor acquired a historic Back Bay brownstone for $1,200,000 - in the same family for 40 years, untouched since the 1980s. Structure was sound, interior needed a complete overhaul.
A Somerville investor found a classic 3-family in the Union Square neighborhood - $1,480,000 purchase, rents at $2,600/unit vs market of $3,200+. Below-market leases were expiring within 12 months.
Turnkey newly constructed waterfront duplex in Cape Coral with private boat dock.
