DEVELOPMENT OPPORTUNITY - Offering the opportunity to acquire a 2.6-acre assemblage site located in Sweetwater, FL and just 0.2 miles from FIU’s main campus. The property consists of adjacent parcels, with 8 of them providing a stable income while planning for development. The site is situated within the Transportation Concurrency Exception Area (“TCMA”) and the University District (“UD”) overlay, thus offering development opportunities representing a substantial increase on allowed density of up to 210 units per acre for university housing projects, as well as development projects providing 20% housing meeting the needs of elderly, active-duty military and/or veterans, and workforce housing.
Attached NDA is required before providing more information and Offering Memorandum.
Sweetwater, FL, 33174
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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