New "Garage Condominiums". Commercial-Business, Contractor Trade and Personal-Use Storage Condominium Units now under construction at the new South Trail Commerce Center, Rt. 2 in Exeter. Conveniently located in central South County. Individual units range 1, 000 or 1, 250 SF. Can be combined for larger space requirements. Designed for a multitude of business uses or as personal storage garages for auto, boat and RV storage. Each unit has a 14' x 14' overhead garage door with opener, private restroom, separately metered 200 amp electric service, fully insulated and heated. Optional office, loft space and other custom finishes available. Attractive, well constructed, wood frame buildings are ideal for Contractor Trades, Business Showrooms, Distribution, Warehouse-Storage, Flex Commercial Businesses. Units can be purchased for investment and leased. A real estate asset that can build equity and allow for possible commercial ownership tax advantages. Special financing programs may be available for qualifying business-occupied units with as little as 10% down. Condo fees anticipated to be in the $175 per month range. Occupancy anticipated beginning in January-February of this coming year. Shown by appointment only. Site under construction. For safety reasons please do not trespass.
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Our Executive Mortgage Banker:
Our Insurance Division:
$275,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $220,000 | $220,000 | $220,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.133% | 6.256% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,501 | $1,462 | $1,855 |
Total Monthly Payment | $1,576 | $1,537 | $1,930 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.