This summarizes the proposed process for conducting the Property development. SBL#.37.-1.-15. Parcel Size: 31.8 Acre
Goal: The owner’s wish to develop this parcel into a modern, green, commercial property by creating symbiotic tenants. While looking at our existing retail categories and consumer products using analytics, market research, sector research, from Retail we will leverage the property to fuel initiatives.
We will evaluate which products and services enhance our Goal, which ones do not.
Objective: Looking at our collected data the seller has three(3) opportunities in the development of the property, First, selling the property outright, Second, becoming an equity partner in the development of the site, Third, doing the build-out with long term T&C to be determined.(the numbering of the opportunities is for referencing only)
NY St. RT 17 B Royce Road, White Lake, NY
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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