Fully occupied triplex in Harbor Beach with three renovated 2/1 units leased to marine industry professionals.
LOAN AMOUNT
$1,150,000
Investor needed to cash out trapped equity to fund a new commercial land acquisition.
Executed a $1,150,000 cash-out refinance at 75% LTV in 19 days based entirely on the property's $9,600/mo rental roll.
The Outcome
Extracted $410,000 in tax-free capital while securing a 30-year fixed loan structure.
Deal Highlights
LOAN AMOUNT
$1,150,000
PROPERTY VALUE
$1,535,000
MONTHLY RENT
$9,600
DSCR RATIO
1.34
LTV
75%
CLOSING TIME
19 Days
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
A Worcester investor acquired a 12-unit apartment complex for $1,750,000 - 85% occupied, rents averaging $1,100/month vs market of $1,400+. Significant value-add potential with cosmetic unit upgrades.
A Palm Beach County investor found a 3/1 in Lake Worth Beach for $195,000 - original 1960s construction, all original finishes, roof past useful life. Updated 3/2s in the area: $340K-$370K.
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.
