Luxury 2-bedroom oceanfront condo generating strong long-term executive rental income.
LOAN AMOUNT
$950,000
Condo association had low reserves, making conventional secondary market Fannie Mae mortgages impossible.
Adler Capital originated a $950,000 30-year fixed non-warrantable DSCR mortgage at 1.28 coverage ratio.
The Outcome
Closed seamlessly with zero tax returns. Investor generates $1,940/mo in net cash flow.
Deal Highlights
LOAN AMOUNT
$950,000
PURCHASE PRICE
$1,250,000
MONTHLY RENT
$7,800
DSCR RATIO
1.28
LTV
76%
CLOSING TIME
18 Days
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
Shovel-ready duplex build in growing southwest Cape Coral targeting long-term rental investors.
A Scottsdale-based investor found a 4/2 ranch home in Phoenix's Arcadia adjacent neighborhood for $395,000 - original 1970s finishes, no updates since 2005. Renovated comps: $660K-$700K.
Single-story coastal home in Old Naples requiring high-end luxury kitchen, imported tile, and full outdoor living pavilion.
