A Dallas builder had two permitted lots in Frisco - 3,200 sq ft new construction homes in a neighborhood where comparable product was selling at $980K-$1.05M. Total cost per unit: $620,000.
TOTAL LOAN AMOUNT
$1,116,000
Builder needed to run both builds simultaneously, requiring $1,116,000 total (90% LTC) across two projects. Local banks would only do one at a time and required 6-month financials.
Adler Capital structured two simultaneous construction loans totaling $1,116,000 - 90% LTC each - with separate draw schedules for each lot. Both loans closed within 14 days.
The Outcome
Both homes sold within 30 days of listing. Combined net profit after all costs: $610,000. Builder now has 4 lots in Prosper financed through Adler Capital.
Deal Highlights
TOTAL LOAN AMOUNT
$1,116,000
TOTAL PROJECT COST
$1,240,000
HOMES
2 (3,200 sq ft each)
LTC
90%
COMBINED SALE PRICE
$2,050,000
BUILD TIME
10 Months
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
A 4/2.5 single-family home in SilverLakes, Miramar leased to a long-term corporate tenant.
Modern 2-unit infill build in Orlando's SODO district targeting healthcare professionals near ORMC.
A Nashville investor identified a 4/2 in a fast-appreciating East Nashville neighborhood - $440,000 purchase, tenant locked in at $3,600/month, strong appreciation market with limited inventory.
