One of the LARGEST working Solar Farms in All of New York state secured by a 25 Year Lease with guaranteed lease payments totaling in excess of 20 Million Dollars! This Property portfolio consists of OVER 1, 100 acres of farmland and solar arrays on 8 separate tax parcels- including a working farm with barns and residences. The largest portion of this income producing portfolio is from the 25 year lease on the solar panels covering 355 acres. Additional crops and farming as well as several homes and barns on the property that collect rental income. One of the several homes on the property is an owner's residence in the style as a log home complete with sweeping vista views of the surrounding land and farm. The working farm produces crops for livestock including hay, corn and alfalfa. Total current income collectively of over 1. 1 Million per year. This is a once in a lifetime investment and opportunity for a special buyer!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $12,280,000 | $12,280,000 | $12,280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $69,724 | $75,610 | $101,974 |
Total Monthly Payment | $69,849 | $75,735 | $102,099 |
* 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.