An 8-unit beachfront apartment building with strong mix of short-term and mid-term traveling nurse tenants.
LOAN AMOUNT
$1,650,000
Mixed lease terms created underwriting complexity for conventional commercial banks.
Underwrote blended annual cash flow and funded $1,650,000 in 18 business days.
The Outcome
Strong cash flow generates consistent double-digit yield for the ownership group.
Deal Highlights
LOAN AMOUNT
$1,650,000
PURCHASE PRICE
$2,200,000
ANNUAL GROSS RENT
$210,000
DSCR RATIO
1.36
LTV
75%
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
An 8-unit walk-up in Worcester's Main South neighborhood. Fully leased, NOI of $79,000, asking $895,000. Investor wanted to add it to a portfolio of three Worcester multifamilies he already owned.
An investor targeting the Delray Beach long-term rental market found a clean 3/2 near Atlantic Avenue - $485,000 purchase, tenant already in place at $3,950/month with 8 months remaining on lease.
A Boston investor acquired a classic South Boston triple-decker - three 2-bedroom units, all occupied, total gross rent of $8,700/month. Purchase: $1,150,000. The building was in solid shape structurally but kitchens and baths were original 1990s.
