Broadway Village - is a Comprehensive Permit under Chapter 40-B for the development of 300 apartment rental units, 12 retail units, a community pool and fitness space, sited on 46.5-acres of wooded and vacant land in Dracut, MA. The development proposes approximately 363,568 SF of residential area across four multi-story buildings including 14,572 SF of retail space, with a total of 480 parking spaces. The unit mix will provide one, two, and three- bedroom unit types with 75 units designated as affordable at 80% AMI. The site has good access to major transportation with proximity to interchange I-95 and I-495 and within a 15-minute drive from the Lowell MBTA commuter rail into North Station. The property may be delivered with plans and final engineering substantially complete, including the potential for a building permit in hand, offering developers a rare “shovel-ready” multifamily opportunity in one of Massachusetts’ strong rental markets
341 Broadway Road, Dracut, MA, 01826
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.
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