A duplex steps from South Lake in Hollywood with two large 2/2 units leased on annual agreements.
LOAN AMOUNT
$640,000
Borrower needed maximum leverage to conserve reserves for a simultaneous fix-and-flip acquisition.
Provided top-tier 80% LTV DSCR financing of $640,000 at competitive pricing.
The Outcome
Borrower deployed preserved capital into a Broward flip funded by Adler Capital.
Deal Highlights
LOAN AMOUNT
$640,000
PURCHASE PRICE
$800,000
MONTHLY RENT
$5,500
DSCR RATIO
1.27
LTV
80%
CLOSING TIME
18 Days
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
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A classic Dorchester three-decker - 3 units stacked, all leased, gross rents totaling $7,400/month. Investor was buying out a partner's interest at a $695,000 valuation and needed permanent financing fast.
A Miami investor found a 6-unit walk-up in North Miami - newer roofs, partially updated units, $10,200/month gross rent. Purchase: $980,000. The cap rate was 6.1% and the area was rapidly gentrifying.
