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.
LOAN AMOUNT
$556,000
Buy-out had a 30-day deadline. Partner refused to extend. Investor was self-employed with two years of write-offs that destroyed his bank-eligible income. Three banks declined.
Adler Capital underwrote on the rental income, not personal income. Closed a $556,000 DSCR loan at 80% LTV in 19 days - three days under the deadline. DSCR ratio came in at 1.32, well above the 1.0 minimum.
The Outcome
Buy-out closed clean. Investor now owns the building outright. Monthly cash flow after debt service: $1,920. Two more Dorchester triple-deckers under contract for the same DSCR program.
Deal Highlights
LOAN AMOUNT
$556,000
PROPERTY VALUE
$695,000
GROSS MONTHLY RENT
$7,400
DSCR RATIO
1.32
LTV
80%
CLOSING TIME
19 Days
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
A 4/3 estate home in Winter Park with deferred maintenance and overgrown landscaping.
A 2.5-acre modern equestrian estate featuring main residence, guest house, and 6-stall barn.
Single-story coastal home in Old Naples requiring high-end luxury kitchen, imported tile, and full outdoor living pavilion.
