The Canero Group is presenting the sale of a development site consisting of an approximately (2.07 Acres Gross)parcel in Miami Dade County.
The Project is part of the Princeton Community Urban Center District (PCUC), in the Core Subdistrict allowing a density of up to 125 units per gross acre. This allows
up to 258 units on the site. As shown in aerials to follow, this is one of the last available lots to develop in the area.
While the buyer may create their own site plan to obtain the 258 units, to optimize cost-efficiency, we are proposing a building of 254 apartments for senior
living spread across 7 floors with a separate free standing parking garage of 2 floors. Having a bus stop adjacent to our property allows us to reduce parking
by 40%.
248th st US1, Miami, FL, 33032
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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