A 3-story beachside townhome permitted for daily vacation rentals in Pinellas County.
LOAN AMOUNT
$780,000
Inbound 1031 exchange funds required closing within 15 calendar days to avoid massive tax recapture.
Adler Capital expedited the appraisal and closed a $780,000 DSCR loan in 13 calendar days.
The Outcome
1031 exchange preserved $140,000 in capital gains taxes. Asset produces top-tier seasonal cash flow.
Deal Highlights
LOAN AMOUNT
$780,000
PURCHASE PRICE
$1,040,000
ANNUAL STR REVENUE
$112,000
DSCR RATIO
1.48
LTV
75%
CLOSING TIME
13 Days
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