A 1920s craftsman bungalow in St. Petersburg requiring historical restoration, foundation leveling, and modern master suite addition.
LOAN AMOUNT
$440,000
Strict municipal historic guidelines and unknown plumbing/electrical issues risked project timeline delays.
Structured a flexible $440,000 renovation bridge facility with contingency reserves and non-Dutch interest.
The Outcome
Achieved neighborhood record price-per-square-foot on resale at $640,000 with multiple over-asking offers.
Deal Highlights
LOAN AMOUNT
$440,000
PURCHASE PRICE
$360,000
RENOVATION BUDGET
$120,000
FINANCING
90% LTV + 100% Rehab
AFTER-REPAIR VALUE
$625,000
PROJECT DURATION
6 Months
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
A Charlotte developer had 15 townhome lots in a fast-growing suburb - all pre-sold before breaking ground. Total project cost: $8,200,000.
A 3/2 suburban single-family home in Coconut Creek requiring kitchen remodel, new roof, and AC replacement.
A Cambridge condo conversion play - investor was buying a 6-unit building near Inman Square at $2.4M to convert and sell as individual units. Permits already in hand from the prior owner.
