$150,000 Key Money purchase of Equipment and New 3-year Lease
Option to Renew for 3 Years at market rent
Base Rent is $17.21 SF with current estimated CAM of $3.79 SF for a Total $21.00 per SF
$3,500 per month plus Sales tax
Base Rent increases by 4% per year
office with 3 custom tables and chairs
?AC unit for entire space
?grease trap (fully functional; may want new solid interceptor)
walk-in cooler & ?large walk-in freezer & ?refrigerated prep area w/ 2 prep sinks
?3 compartment sink, rinse sink & janitorial closet w/ mop sink
Electric has 220 outlets in place- no gas
?bathroom & ?employee kitchen w/ refrigerator
?electric griddle & fryer
?prep refrigerator
2x Bain Marie’s, ?Microwave, ?commercial dough mixer, ?electric inductions (x2)
?pallet rack 3 level - 16’ long
1676 NE 205th Ter, Miami, FL, 33179
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
