High-floor Aventura luxury condo where the HOA master insurance policy had a temporary lapse during carrier renewal.
LOAN AMOUNT
$750,000
No Fannie/Freddie or retail lender could issue loan approval until the HOA policy was finalized.
Funded a $750,000 6-month bridge note to secure the purchase contract without default.
The Outcome
HOA finalized policy 90 days later; Adler Capital seamlessly refinanced the bridge into a 30-year fixed DSCR loan.
Deal Highlights
LOAN AMOUNT
$750,000
PURCHASE PRICE
$1,050,000
LEVERAGE
71% LTV
TERM
6 Months
CLOSING TIME
7 Days
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