Presented byThe Residential Group |
YOUR NEXT PROJECT IS RIGHT HERE! PRICED TO SELL! Your opportunity to build a 4 story, 42 unit building in a prime Brighton location. Situated on a 19K+ sq/ft lot, the building is beautifully designed w/elements of blonde brick juxtaposed against dark colored siding and 6-light casement windows. The unit mix includes (14) studios, (19) 1 bedrooms, (6) 2 bedrooms and (3) 3 bedroom units and all have either direct access decks or private roofdecks. The project contains a lean 6 IDP affordable units (13%) and ample garage parking. Gross square footage including the garage is +/- 51, 000 with an FAR of approximately 41, 000 sq/ft. The neighborhood is abuzz with new development, and this property is less than a half mile from Brighton Center, Boston Landing and the Charles River. New construction condominiums in Brighton continue to be absorbed quickly with demand outstripping supply, and no end in sight. Construction plans are in process, see agent for further details.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,500,000
REALTORS
William Raveis Real Estate
Phone: 617.426.8333
TheResidentialGroup@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,600,000 | $3,600,000 | $3,600,000 |
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 | $20,440 | $22,166 | $29,895 |
Total Monthly Payment | $20,565 | $22,291 | $30,020 |
* 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.