LOCATION, LOCATION! Fully permitted and ready to be developed opportunity just 2 miles from downtown Winter Haven, FL. This site sits directly on the canal connecting Lake Lulu and Lake Roy, giving its future residents a taste of the celebrated Winter Haven Chain of Lakes life! It is also directly across from Freedom Boat Club where residents can walk across the street, hop on a boat and fully indulge in the "Chain Life"- Cruise on over the watch the infamous Legoland ski show or stop for a bite to eat at one of several lakefront restaurants. Close to major employers of Publix and Legoland. The proposed buildings have been uniquely designed by a renowned multifamily architect and builders Jim and Owen Carr. The family run architects have designed and/or built thousands of multifamily developments across the U. S. (www. carraia. com) The proposed community consists of 26 total units in three buildings. Two of which will have an 8 unit design and one a 10 unit. Twenty of the units will be 1, 218 sq ft consisting of 2 bedrooms/2. 5 bathrooms. While the remaining six will be 1, 595 sq ft consisting of 3 bedroom/3 bath or 2. 5 bath with a den option SEE ATTACHED FLYER FOR PHOTO RENDERINGS OF THE PROPOSED PROJECT.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $711,200 | $711,200 | $711,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,554 | $4,613 | $6,244 |
Total Monthly Payment | $4,646 | $4,705 | $6,336 |
* 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.