A 6-unit residential asset in West Palm Beach close to downtown and Brightline station.
LOAN AMOUNT
$1,420,000
Owner needed capital to install impact windows and new individual electric meters.
Provided $1,420,000 commercial refinance with $180,000 in renovation escrow.
The Outcome
Utility sub-metering reduced operating expenses by $8,400/year, boosting property value by $140,000.
Deal Highlights
LOAN AMOUNT
$1,420,000
PROPERTY VALUE
$1,950,000
MONTHLY RENT
$12,600
DSCR RATIO
1.33
LTV
73%
More Deals
See how Adler Capital has structured financing across property types, markets, and deal sizes.
A 1920s craftsman bungalow in St. Petersburg requiring historical restoration, foundation leveling, and modern master suite addition.
A Charlotte developer had 15 townhome lots in a fast-growing suburb - all pre-sold before breaking ground. Total project cost: $8,200,000.
An experienced Tampa investor acquired a 10-unit multifamily at $2,800,000 - 100% occupied but rents were 22% below market due to a decade of deferred maintenance and no unit upgrades.
