Amazon has arrived so catch the wave! Seller financing at competitive rate. Here is an extraordinary commercial opportunity to acquire 20+ Acres with instant access to Interstate 395 at Exit 24 in Griswold centrally located midway between New York & Boston and just minutes to the Rhode Island border. The property is less than 5 Miles to the now under construction Amazon Distribution Center, as well as other already operating Major Distribution facilities such as Staples & Lowes. The remarkable town infrastructure project is a positive impact on the increasing property values and is certainly in a significantly developing area. This excellent site is Just 3. 5 Miles to the already established Lisbon Landing Shopping Center with Major retailers such as Home Depot, Kohl's, Wal-Mart Supercenter, Michaels, Dick's Sporting Goods, accompanied by many other shops, restaurants & Cinema. From this location, much is happening, and more is about to happen along the CT I-395 corridor, in either direction, North & South. Additionally, it is in close proximity to the Railway, approximately 10 minutes to Casinos, Hospital, and the Rhode Island border. Its roughly 20 minutes to Mystic, Groton & New London. The site is also very near to many outdoor activities as well, including State Parks & Lakes. The Shoreline & Beaches are within 30 minutes. This property can only be accessed by purchasing 699 Hopeville Road listed separately as MLS 170351993 for $1, 000, 000. The total for both is $2, 500, 000
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,720 | $7,291 | $9,885 |
Total Monthly Payment | $6,845 | $7,416 | $10,010 |
* 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.