Property Type:
Condo
Loan Amount:
$740,550
Location:
Longboat Key, FL
Casually elegant 2-bedroom, 2-bath condo in secluded and desirable Sands Point behind the gates of the Longboat Key Club at the south end of the island.
This spectacular immaculate residence offers a gorgeous view of the aquamarine Gulf of Mexico and steps from the white, sandy beach.
Everything has been renovated in this beautiful turnkey-furnished residence with new kitchen appliances, washer, dryer, lighting fixtures, and barely used 1-year old furniture from Robb & Stucky.
Taken down to the studs a few years ago, there are impact windows, higher ceilings, smooth textured walls, new paint, newer kitchen, new A/C, ducts and water heater.
Sands Point is an exclusive condominium community right on the blue waters of New Pass with sunsets over the white sands of the Gulf of Mexico, beautiful manicured grounds, heated pool, onsite management and optional boat docks at the Sands Point marina.
Walking distance to the boutiques and dining on world-renowned St. Armand’s Circle and a few minutes drive to cultural downtown Sarasota
As-is-value:
$1,230,000
Purchase Price:
$987,400
Loan Amount:
$740,550
Rate:
12%
Term:
12 Month
Maturity Date:
1/01/2024
LTV:
75%
Borrower FICO:
814
Experience:
3
Operations Summary
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.
