1-R Commercial unit for lease in a Mixed-Use building consisting of Owner's residence on 2-flr and owner-operated business on the 1-L Commercial. The offered unit is quite sizeable (1, 800 sq ft +/-), 12-15 walls and ceiling height. Some buildouts and equipment may be permitted to the use of the lessee, unit has its own restroom, separate heating (forced hot air-Gas), own electrical system adequate to most commercial uses, great lighting system (LED), plenty of windows and street parking spaces near Downtown and close to the new interstate train station. Restricted to certain uses only, prohibited from uses for: beauty salon, restaurant or catering, no paint shop, no machinery operations, no boutique shop or any sort of women's clothing sale, No Church or house of prayer, no gymnasiums. Shared security system with the owner on the Left, shared fire alarm system and hot water, all included in lease fee.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,950
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $1,560 | $1,560 | $1,560 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $648 | $648 | $648 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $11 | $11 | $13 |
Total Monthly Payment | $734 | $734 | $736 |
* 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.