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Presented by![]() Shari Fichman |
The offering consists of an outstanding redevelopment opportunity in the Allapattah submarket, located within a qualified opportunity zone: “ALLAPATTAH 42 LIVE LOCAL. ” This lot features a single-family home on a 10, 000 square foot parcel. This lot is zoned T5-L and is eligible for live local development, as well as being located within a Transit-Oriented Development (TOD) zone. Additionally, the property is situated within a qualified opportunity zone. The home is currently rented, providing income during the entitlement process.
Approvals: 42 Units, Site Plan to be Approved/Existing Cash Flow/Within Qualified OZ/Within the TOD Applicable for Live Local/Earlington Station within 2 blocks/West of Wynwood
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,630,000
Sales Associate
William Raveis Real Estate
Phone: 860.841.7947
Shari.Fichman@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.463.1745
Russell.Baboff@raveis.com
NMLS Mortgage Loan Originator ID 1014636
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $1,304,000 | $1,304,000 | $1,304,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.811% | 6.475% | 6.309% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,818 | $8,135 | $11,092 |
Total Monthly Payment | $7,943 | $8,260 | $11,217 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.