15,700 SF lot zoned T-6-8O with 3 sides of the property offering street access. Property will be delivered with approved plans to build an 8 story commercial building. Plans show 74 units with a common area on the 1st and 6th floor with a swimming pool, 8 parking spaces off site and 34 parking spaces in site connected by 2 car lifters. Each unit configured as studio, 1 and 2 bedroom with a living-kitchenette-dining area & one or two full bathrooms. The proposed building will incorporate concrete, glass & a modern facade. On a busy commercial corridor near Walgreens, hospital district, Marlin Stadium, and new River Landings.
Miami, FL, 33125
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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