GTB Funding LLC offers investors a unique opportunity to acquire residential and commercial vacant lots. Our funding program not only allows for investment in new Florida properties but also provides the option to invest in properties currently negotiated with GTB Construction and Property Holdings LLC. This dual investment approach ensures a diverse portfolio and potential for high returns.
This program is for up to 10 years with a 5-year option to withdraw from the program.
OPTION # 1 A
Loans:(Not open at this time)
Loans for developing, constructing, and managing developed project(s). The Interest rate (%) to investor(s) is TBD. Interest only annually (collateral property only, no personal guarantees or financial for principle(s) required). A 10-year loan with 30-year amortization interest is only paid at %TBD, with no pre-paid penalties.
All loans can be converted to an investment for any current project open for funding.
The managing partners and investors in the open funding program must approve all new investor(s) before they are added to the current/open funding program.
OPTION # 2
Land Acquisition, Development Builder, and Owner:
Investors can go into the funding program for the land acquisition, construction, and investor partnership with the property they choose to invest in or select from the active list of properties GTB Funding LLC has available at the time of investors' option. GTB will be the managing partner and control of the GTB Funding LLCs. Investors will have a % partnership based on the amount of money invested. The funded program will be from a minimum of 6 to 10 years with an option to withdraw in the 6th to 8th year. If an investor(s) wants to withdraw from the funded program, the Managing Partner and investors in the funding program must approve the withdrawal. All withdrawal options will be determined before the funding program closes.
If all investors agree to the investor(s), withdraw from the program, and funds to replace the investor(s) have been confirmed by the managing partner.
Single Investor as an option:
All open-fund programs are available for a single Investor(s) to invest in. The managing partner will determine the percentage of the partner with a single investor(s). The investor must note that the managing partner holds 51% control of the funded program or the controlling percentage on all funded LLCs, depending on the number of investors in the program.
Please note that each property is a startup project. Each property will have a GTB Funding-(NAME) LLC project, which will be formed after all funds have been secured to purchase the property or project.
Please note this is not an offer. Please email [email protected] for a partnership agreement for the above-listed properties.
See Properties and Projects (Below)
Properties: Closed and moving to the development process.
Multi-family (New) – PROJECT TARGET $ 30M
Titusville Fl: 20 ac 15ac High Density 15 unit per ac. 5 ac Wetland 265,000.00 - 05/10/204
225-unit Multi-Family (mix 2bd and 3bd units) - Target to Start Winter of 2026
Multi-Family – PROJECT TARGET $ 4.5M
1350 S Woodland Ave Deland Florida 3 ac approx. 24 unit – Starting Site Development - 8/24
Retail/Flex/Restaurant– PROJECT TARGET $1.9M
N SPRING GARDEN AVE, DELAND 32720 1.5 ac Retail/Flex/Restaurant - Starting Site Development - 8/24
Properties: In process
FEATURED PROPERTY FOR PURCHASE
FUNDING NEEDED - $2.5M – Clermont Florida 43 Ac Clear and Ready to Build (Residential and Multi-Family) Closing 30 Days (Funds are raised)
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Residential:
3190 S Courtenay Parkway, Merritt Island, Brevard County, FL, 32952: - 6.31 ac - $459,900 USD
3450 S Courtenay Parkway, Merritt Island, Brevard County, FL, 32952: - 5.13 ac - $429,000 USD
405 STACY GROVE ROAD, New Smyrna Beach, Volusia County, FL, 32759 -133.27 ac -$3,890,000 USD
1845 LEMON STREET, Lake Woodruff, Volusia County, FL, 32720 -19.26 ac - $1,999,000 USD
5723 LEONARD CARLTON TRAIL, Plant City, Hillsborough County, FL, 33565 - 13.35 ac $895,000 USD
Commercial:
INTERNATIONAL, Southwest Orange, Orange County, FL, 32837 -13.16 ac - $3,890,000 USD
1000 Club Parc loop Orange City, FL 32763 - 2.9 Acres of Commercial Land – Under Negotiation
1 Spring Vista Dr Debary, FL 32713 – Total 3 Parcels of Land - 6.44 Ac - $1,850,000.00 USD
Total 3 Lots
Lake Helen Osteen Rd Deltona, FL 32738 - 1.46 Acres of Commercial Land - $850,000 USD
N Normandy Blvd Deltona, FL 32725 - ORLANDO –: 1 VACANT LAND PARCELS
3.52 Acre Commercial Land Lots - $850,000.00 USD
2790 Leavitt Orange City, FL 32763 - 5 Acre Commercial Development Site
5 Acres of Commercial Land - $1,950,000 USD
Please note this is not an offer. Please email [email protected] for a partnership agreement for the above-listed properties.
Please note that these are properties we are currently working on purchasing with GTB Funding (Name) LLC. Start-Up.
All investments will be held in GTB Funding LLC. Once the investor(s) chooses the property and the total investment amount is funded, the managing partner will file a new Funding LLC with the investors investing in the selected property. The funds will be transferred to the new LLC, and the property will be closed to all other investors.
Investment Disclaimers:
At GBT FUNDING LLC, we are committed to providing our clients with transparent and accurate information regarding our real estate investment opportunities. It is essential for all investors to carefully review the following disclaimers before making any investment decisions:
1. Risk Disclosure: All investments involve inherent risks, including the potential loss of principal. Past performance is not indicative of future results. Investors should be aware of the risks associated with real estate investments and carefully consider their risk tolerance before investing.
2. Not Financial Advice: The information provided on our website and our investment materials is for informational purposes only and should not be considered financial advice. We recommend consulting with a qualified financial advisor before making any investment decisions.
3. Diversification: Diversification is a crucial strategy for managing risk in an investment portfolio. Investors should consider diversifying their investments across different asset classes to reduce overall risk exposure.
4. Liquidity: Real estate investments are typically illiquid and may have restrictions on redemption. Investors should be prepared to hold their investment for an extended period and consider the impact of illiquidity on their overall financial goals.
5. Regulatory Compliance: GBT FUNDING LLC operates in compliance with all applicable laws and regulations governing real estate investments. Investors should be aware of the regulatory environment in which they are investing and understand the potential impact on their investment.
By acknowledging and understanding these disclaimers, investors can make informed decisions regarding their real estate investment opportunities with GBT FUNDING LLC. If you have any questions or require further clarification on any of the points mentioned above, please do not hesitate to contact us.
All Foreign Investors:
State Laws Restricting Foreign Ownership of Real Estate:
All for Florida. Florida prohibits “foreign principals” from “foreign countries of concern” (China, Cuba, Iran, North Korea, Russia, Syria, and Venezuela) from owning or having a controlling interest in specified property types. Foreign principals include:
governments and their officials;
political parties and members or subdivisions of political parties;
business entities;
individuals who aredomiciled in a foreign country of concern and are not US citizens or lawful permanent residents of the US; and
o any person or entity described above having a controlling interest in any legal entity or subsidiary formed for the purpose of owning Florida real property (§ 692.201(3)-(4), Fla. Stat.).
IRS
FIRPTA Withholding:
Withholding of Tax on Dispositions of United States Real Property Interests
The disposition of a U.S. real property interest by a foreign person (the transferor) is subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding. FIRPTA authorized the United States to tax foreign persons on dispositions of U.S. real property interests.
A disposition means “disposition” for any purpose of the Internal Revenue Code. This includes but is not limited to a sale or exchange, liquidation, redemption, gift, transfers, etc. Persons purchasing U.S. real property interests (transferees) from foreign persons, certain purchasers' agents, and settlement officers are required to withhold 15% (10% for dispositions before February 17, 2016) of the amount realized on the disposition (special rules for foreign corporations).
In most cases, the buyer (transferee) is the withholding agent. The transferee must find out if the transferor is a foreign person. If the transferor is a foreign person and the transferee fails to withhold, the transferee may be held liable for the tax. For cases in which a U.S. business entity, such as a corporation or partnership, disposes of a U.S. real property interest, the business entity itself is the withholding agent.
U.S. Real Property Interest
A U.S. real property interest is an interest, other than as a creditor, in real property (including an interest in a mine, well, or other natural deposit) located in the United States or the U.S. Virgin Islands, as well as certain personal property that is associated with the use of real property (such as farming machinery). It also means any interest, other than as a creditor, in any domestic corporation unless it is established that the corporation was at no time a U.S. real property holding corporation during the shorter of the period during which the interest was held, or the 5-year period ending on the date of disposition (applicable periods).
An interest in a corporation is not a U.S. real property interest if:
Such corporation did not hold any U.S. real property interests on the date of disposition,
All the U. S. real property interests held by such corporation at any time during the shorter of the applicable periods were disposed of in transactions in which the full amount of any gain was recognized, and
For dispositions after December 17, 2015, such corporation and any predecessor of such corporation was not a RIC or a REIT during the shorter of the applicable periods during which the interest was held.
Rates of Withholding
The transferee must deduct and withhold a tax on the total amount realized by the foreign person on the disposition. The rate of withholding generally is 15% (10% for dispositions before February 17, 2016).
The amount realized is the sum of:
The cash paid, or to be paid (principal only);
The fair market value of other property transferred, or to be transferred; and
The amount of any liability assumed by the transferee or to which the property is subject immediately before and after the transfer.
If the property transferred is owned by a foreign person and at least one other person, the amount realized is allocated between the transferors based on the capital contribution of each transferor.
A foreign corporation that distributes a U.S. real property interest must withhold a tax equal to 21% of the gain it recognizes on the distribution to its shareholders who are foreign persons.
A domestic corporation must withhold tax on the fair market value of the property distributed to a foreign shareholder if:
The shareholder's interest in the corporation is a U.S. real property interest, and
The property distributed is either in redemption of stock or in liquidation of the corporation.
For distributions before February 17, 2016, the corporation generally must withhold 10% of the amount realized by a foreign person. For distributions after February 16, 2016, the rate increases to 15%.
For additional information on the withholding rules that apply to corporations, trusts, estates, and REITs, refer to section 1445 of the Internal Revenue Code and the related regulations. For additional information on the withholding rules that apply to partnerships, refer to discussion under partnership withholding. Also, consult the "U.S. Real Property Interest" section in IRS Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities.
FIRPTA documents are processed at:
Internal Revenue Service Center P.O. Box 409101 Ogden, UT 84409
