This four parcel package includes; 170 Bishop Crossing Road, 205 Bishop Crossing Road, 161 Bishop Crossing Road and 111 Geer Road. The Bishops Crossing Road Properties are zoned Business Park and Geer Road is zoned Residential. High Visibility with almost 4, 000 feet of frontage along I395. Open Fields, a Large Barn, a Farmhouse and a Large Poultry House are some of highlights/structures found on the property. Lisbon Landing is home to; Walmart, Kohls, Home Depot, Target, Lowes, Ruby Tuesday's and Chili's and is just 2. 5 miles south on I395 off Exit 21. Other nearby attractions include Foxwoods Resort Casino and Mohegan Sun Casino. The property is midway between New York City and Boston. The land is central in proximity to Hartford, CT, Providence, RI, Springfield, MA and points near Worcester, MA. Just 40 minutes off the shoreline where you can easily find train, corporate jet and commuting opportunities. Zoning information is available by request.
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William Raveis Mortgage, LLC
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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 | $2,380,000 | $2,380,000 | $2,380,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $310 | $310 | $310 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,701 | $15,043 | $20,084 |
Total Monthly Payment | $14,136 | $15,478 | $20,519 |
* 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.