A luxury 3-bedroom condo in Brickell requiring complete interior modern renovation and smart home integration.
LOAN AMOUNT
$1,150,000
Needed fast 10-day closing to beat out competing offers with 100% of the $220,000 renovation budget financed.
Adler Capital provided a $1,150,000 bridge facility covering 90% of purchase price plus 100% of construction draws.
The Outcome
Renovation completed in 5 months. Sold for $1,595,000, yielding a net profit of $210,000 for the sponsor.
Deal Highlights
LOAN AMOUNT
$1,150,000
PURCHASE PRICE
$1,030,000
RENOVATION BUDGET
$220,000
FINANCING
90% LTV + 100% Rehab
AFTER-REPAIR VALUE
$1,580,000
PROJECT DURATION
7 Months
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
A high-net-worth investor found a tenant-ready 4/3 in West Boca - $625,000 purchase, existing tenant paying $5,200/month on a renewable lease. Zero work needed, just close and collect.
Dated 1960s ranch property on an oversized corner lot in College Park near downtown Orlando.
An Atlanta investor acquired a 10-unit apartment building in Midtown for $2,200,000 - aging but structurally sound, rents averaging $1,100 vs market of $1,450. Classic Midtown value-add.
