We are pleased to present the opportunity to acquire 46-48 Maverick Square, a +/- 7, 000 SF retail asset located on the corner of the highly desirable Maverick Square in East Boston. This exceptionally well-located retail asset benefits from its proximity to the areas major investment drivers including the Maverick stop on the MBTA blue line, literally just hundreds of feet away, Boston Logan International Airport, less than a 10-minute drive by car, and the millions of square feet in the development pipeline. The property benefits from a tenant mix of both local and national credit tenants. The first floor of this three-story building is leased to Metro PCS and a local travel agency. The second floor of the building is currently leased to long term credit tenant, Verizon Wireless. The remainder of the second floor consists of a local acupuncture clinic and the third floor of the property is leased to a local real estate agency.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,150,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
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 | $2,520,000 | $2,520,000 | $2,520,000 |
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 | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,111 | $15,312 | $20,758 |
Total Monthly Payment | $14,236 | $15,437 | $20,883 |
* 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.