Monadnock Timberland comprises a unique portfolio of 28 parcels totaling 1, 100. 46± acres located in the towns of Antrim, Hancock, Bennington, and Greenfield. This is an opportunity to acquire significant acreage with productive timberland, and substantial underlying developmental potential. The Property consists of five blocks with multiple lots in each block. Topography ranges from timberland to agricultural fields to frontage on Power Mill Pond. The Property offers excellent access with extensive frontage on Class V and Class VI roads as well as frontage on Route 202 (Class I Primary State Highway). The Property’s location relative to forest product markets is excellent, with several mill and brokerage yards within 50 miles, allowing for the utilization and sale of all product categories, from veneer logs to firewood. The Property’s timberland has been managed by New England Forestry Consultants and is primarily stocked with excellent quality red oak and white pine. The most common species are northern red oak and eastern white pine. Timber Volume & Value Estimates, dated November 2022, and concluded a total timber capital value of $1, 693, 933.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,278,752 | $2,278,752 | $2,278,752 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,939 | $14,216 | $19,076 |
Total Monthly Payment | $13,064 | $14,341 | $19,201 |
* 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.