ADLER CAPITAL
COMMERCIAL MORTGAGE & STRUCTURED FINANCE
4601 Sheridan St, Hollywood, FL 33021
Direct: (917) 963-0181 • dan@adlercapital.us
www.adlercapital.us
LOAN TERM SHEET & FINANCING PROPOSAL
Indicative Non-Binding Financing Summary • Asset-Based Credit Facility
Date: Oct 13, 2026
Ref: AC-TS-052025-PIERCE
1. Sponsor & Collateral Identification
| Borrower / Sponsor | John Smith |
| Borrowing Entity | TBD LLC |
| Guarantor Profile | John Smith (Full Recourse) |
| Transaction Type | Purchase |
| Property Address | 1250 NW 23rd St |
| Property Classification | Single Family |
| Valuation / Contract Price | $500,000.00 |
| Tenancy / Occupancy | Business-Purpose / Investment |
2. Core Facility Terms & Settlement Costs
Facility & Leverage
Committed Loan:$400,000.00
Leverage (LTV):80.0% LTV
Total LTC:80.0% LTC
Product Term:30-Year Fixed
Pricing & Structure
Note Interest Rate:7.375%
Monthly Debt Service:$2,763.00/mo
Structure:30-Year Amortizing
Prepayment Penalty:3-2-1 Stepdown
Settlement Costs
Origination (2.0%):$8,000.00
Underwriting & Legal:$2,945.00
Processing & Title Est:$2,845.00
Total Fixed Costs:$5,790.00
3. Debt Service Coverage & Cash Flow Analysis
| Gross Monthly Rent | $4,000.00/mo |
| Annual Real Estate Taxes | $6,000.00 ($500.00/mo) |
| Annual Property Insurance | $3,000.00 ($250.00/mo) |
| Total Monthly PITIA | $3,513.00/mo |
| Debt Service Coverage (DSCR) | 1.14x |
| Monthly Net Cash Flow | $487.00/mo |
| Occupancy Status | Non-Owner Occupied |
| Estimated Cash to Close | $113,790.00 |
4. Conditions Precedent to Closing
Independent commercial appraisal validating collateral value
First-lien title commitment and title policy free of unpermitted liens
Hazard and flood (if required) property insurance declarations binder
Borrowing entity organizational documents and certificate of good standing
Issued By Lender:
Daniel Adler
Managing Partner
Adler Capital LLC
Direct: (917) 963-0181 • dan@adlercapital.us
Acknowledged & Agreed by Borrower:
Authorized SignatureDate
John Smith / TBD LLC
Adler Capital LLC • Direct Commercial Mortgage & Bridge Lender
Strictly Confidential • For Intended Recipient Only • 4601 Sheridan St, Hollywood, FL 33021