Under contract-accepting backup offers. Discover the potential of the Laurel Site, a nearly 7. 7-acre commercial land parcel located in the rapidly expanding Hunters Ridge area of Ormond Beach. Approved by DRI for 66, 908 square feet of commercial retail/office space, this site offers a prime location nestled between well-established neighborhoods and new phases of development. Hunters Ridge Master Plan Community is a significant Development of Regional Impact (DRI) spanning over 1, 976 acres across two counties. This mixed-use development boasts a harmonious blend of residential and commercial spaces. With approximately 1, 200 residential units already built and substantial site work completed, the community is thriving. Pre-sales for the next phases, which will accommodate over 1, 931 additional residences, are progressing well, highlighting the area's robust growth. Seller will also ground lease, JV, or build to suit. Over 11, 000+ rooftops to be constructed in the surround area. Additional commercial sites available. Utilities & Driveway stubbed out to the site.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,000,000
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 | $2,400,000 | $2,400,000 | $2,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.636% | 6.684% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,367 | $15,170 | $20,907 |
Total Monthly Payment | $15,492 | $15,295 | $21,032 |
* 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.