A two-building 12-unit apartment property in central Fort Lauderdale with long-term tenant stability.
LOAN AMOUNT
$2,750,000
Maturing balloon mortgage required fast takeout to avoid lender default penalties.
Originated a $2,750,000 30-year fixed commercial DSCR refinance in 21 days with zero tax returns.
The Outcome
Secured low long-term fixed rate and extracted $320,000 in liquidity for sponsor's next acquisition.
Deal Highlights
LOAN AMOUNT
$2,750,000
APPRAISED VALUE
$3,700,000
MONTHLY NOI
$21,500
DSCR RATIO
1.32
LTV
74%
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
A seasoned South Florida investor spotted a dated 3/2 in Coconut Grove - great bones, terrible finishes. Asking: $310,000. Comps for fully renovated homes were hitting $620K-$650K.
Fully occupied triplex in Harbor Beach with three renovated 2/1 units leased to marine industry professionals.
A portfolio investor acquiring their 8th rental found a tenant-ready SFR in Kendall - $575,000 purchase, tenant already paying $4,200/month on a 12-month lease.
