A 6,200 sq ft transitional luxury estate build with detached guest house in prestigious Coral Gables.
LOAN AMOUNT
$2,800,000
High construction cost required institutional-grade lender balance sheet and rapid draw turnaround.
Adler Capital deployed a $2,800,000 private construction facility with 48-hour draw inspection turnaround.
The Outcome
Sold prior to completion for $5,400,000 to a hedge fund executive relocating from New York.
Deal Highlights
LOAN AMOUNT
$2,800,000
TOTAL COST
$3,750,000
LEVERAGE
75% LTC
PROJECTED ARV
$5,200,000
TERM
24 Months
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A 3-story beachside townhome permitted for daily vacation rentals in Pinellas County.
