Rare Opportunity - Offering is 2 Large Adjoining Commercial Pads ( 3+/- Acres total) on CR 466A at the entrance to the new Village Park Campus which includes the future 65 acre Westminster Pine Ridge which is planed as a 900 unit independent adult living community that includes assisted living and skilled nursing. Directly across from these commercial pads is another mixed use site "Miller Park" which is 68. 55 acres. Nearby on CR 466A is "Evolve Grove Park" 19. 5 acres mixed use, multi-family 222 units next to Adventhealth's 27 acre medical campus. The offered commercial pads have ALL infrastructure is in place including water retention and utilities to site. The Village Park Campus is next to The Villages of Pine Ridge. Located within the City of Fruitland Park, Zoned C-2 w/PUD and uses include all C-1. Both parcels front CR 466A. Parcel B is 1. 40+/- Acres, Parcel C 1. 63+/- Acres. Seller will divide and sell pads separately. The Village Park Campus is a total of 204+/- Acres & includes a 1, 500 seat church and multiple buildings. CR 466A / Miller Blvd is a major Villages east/west artery lined with retail, medical and professional. The Villages is the largest single site adult golf cart community (and still growing) in the US with a current population of 150, 000 +/-. All information is believed accurate and correct but not guaranteed or warranted and subject to change without notice. Seller will divide and sell pads separately.
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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 | $1,440,000 | $1,440,000 | $1,440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,340 | $9,220 | $12,643 |
Total Monthly Payment | $9,465 | $9,345 | $12,768 |
* 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.