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.
LOAN AMOUNT
$460,000
Investor had maxed conventional loan limits. Income was pass-through LLC distributions - useless for traditional bank underwriting.
Adler Capital closed $460,000 at 80% LTV in 22 days. Pure DSCR underwriting - 1.23 ratio. No personal income docs at any point.
The Outcome
Deal closed clean. Tenant renewed for another 12 months. Monthly cash flow after debt service: $940. This investor now uses Adler Capital exclusively for rental acquisitions.
Deal Highlights
LOAN AMOUNT
$460,000
PURCHASE PRICE
$575,000
MONTHLY RENT
$4,200
DSCR RATIO
1.23
LTV
80%
CLOSING TIME
22 Days
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
An Austin builder had a fully permitted infill lot in South Austin - 2,800 sq ft modern farmhouse targeting the $900K+ resale market. Total build cost: $520,000.
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.
A 1910-built three-decker in Worcester's Greendale neighborhood. Vacant for 18 months, plaster falling, ancient mechanicals. Purchase: $235,000. Investor's plan: full gut, modernize all three units, sell to an owner-occupant.
