*Offers on this property are due 5/16* Presenting 3 Phillips Place, a 14, 465 SF, 3-story building located in the Harvard Square area of Cambridge, Massachusetts. Institutionally owned and maintained, and offered unencumbered by long-term lease commitments, this property presents immense value-add potential through the potential redevelopment to multifamily residential and condominium conversions, among other options and strategies. 3 Phillips Place is situated in one of the most esteemed locations in the world with unmatched access to many of the nation’s top colleges and universities, technology and bio-tech employers and many of the region’s best shopping and dining amenities. The property is located within a 10-minute walk of a MBTA Redline station, as well as Harvard and Lesley University.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
William Raveis Real Estate
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr)
Adjustable Rate Jumbo*
|Term||360 months||360 months||180 months|
|Initial Interest Rate**||6.375%||7.125%||7.000%|
|Interest Rate based on Index + Margin||8.125%|
|Annual Percentage Rate||7.531%||7.228%||7.167%|
|Monthly Tax Payment||$0||$0||$0|
|H/O Insurance Payment||$125||$125||$125|
|Initial Principal & Interest Pmt||$39,928||$43,118||$57,525|
|Total Monthly Payment||$40,053||$43,243||$57,650|
* 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.