The property consists of 2 studio units 16 one-bedroom apartments and 3 two-bed apartments.
Current ownership has invested over $700,000 in improvements including gut-to-studs rebuild on 6 one-bedroom units, a roof, individual water heaters, and painting.
The adjacent almost 8,000SF lot is included with the sale and could be the site for an additional 10-12 units for a phased development.
As is Value:
Net Cash Gain:
Net Cash Gain:
Global Integrity Investments LLC specializes in making short-term loans to seasoned house flippers, buy, and hold investors, and beginner investors. The fund has a unique structure that allows investors to receive a monthly dividend. The company has implemented an extensive credit policy manual that ensures the business can provide investors with excellent returns without having to take an unusually large credit risk.
Through its lending operations, the company provides loans of up to 85% LTV via 1st mortgages. The company will keep a focus on providing credit for hard money, bridge loans, and long-term rental. The company also generates substantial fees from managing private equity funds and selling seasoned loans to the secondary market. To drive business, the Company also offers a range of qualifying and negotiable considerations, such as moderate credit requirements, points, prepayment penalties, application fees and value-added services. The major revenue stream of Global Integrity Finance is origination and processing/underwriting fees charged to borrowers, and yield spread on loans sold to the secondary market.
Global Integrity Finance is a nationwide, direct, hard money lender. They provide many different types of real estate investment products for brokers as well as borrowers. Located in McKinney, TX, they’ve been serving the community for 25+ years and now serves our entire nation. They truly have a comprehensive understanding of the mortgage industry unlike any other lender.