Major Residential Rehab — Miami, FL
Institutional investor, large-scale renovation with significant value-add
The Challenge
An institutional investment group identified a residential property in Miami with significant upside. The as-is value was $632,000, but with extensive renovation the projected value was $3.5 million. The scope of work required over $1.2 million in construction costs, and conventional lenders were unwilling to take on a project of that complexity.
Our Solution
Domus structured a $1.64M loan covering both the acquisition and the full renovation budget, on a 12-month interest-only term. That gave the borrower enough runway to complete the work and exit through sale or refinance.
The Result
The project performed as expected, with the borrower positioned to realize substantial equity against a total project cost well below the projected value.