A Denver investor targeting the Highlands neighborhood found a fully rented 3/2 - $575,000 purchase, tenant at $3,200/month on a 12-month lease. Property was in excellent condition - no work required.
LOAN AMOUNT
$460,000
Investor had seven existing mortgages and couldn't add another conventional loan. Their income was entirely from the rental portfolio - impossible to document for a bank.
Adler Capital closed $460,000 at 80% LTV in 16 days. DSCR of 1.07. Underwritten 100% on property income.
The Outcome
Closed in 16 days. Tenant renewed. Monthly cash flow after debt service: $540. Property up 9% in value since purchase - equity building nicely.
Deal Highlights
LOAN AMOUNT
$460,000
PURCHASE PRICE
$575,000
MONTHLY RENT
$3,200
DSCR RATIO
1.07
LTV
80%
CLOSING TIME
16 Days
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
An experienced Tampa investor acquired a 10-unit multifamily at $2,800,000 - 100% occupied but rents were 22% below market due to a decade of deferred maintenance and no unit upgrades.
A 3-story beachside townhome permitted for daily vacation rentals in Pinellas County.
A luxury 5-bedroom, 5.5-bath contemporary spec home with pool and rooftop terrace in Hollywood Lakes.
