LOCATION!! 90, 000+or- sq. ft. Retail, Restaurant, Bank or Whatever on site! 360 Southwest Cutoff being Rte. 20 offers 500ft. +- frontage on Rte. 20 Northborough Ma which borders the entrance to Rte. 9 as well as entrance to Northborough Crossing! Featuring Wegman's after many years searching for the right LOCATION being the (1st. in New England, 140, 000 + or - sq. ft. store), BJs, BJs Gas, Kohl's, Dicks Sporting goods, Starbuck's, and many many others! Also in rear of location is Avalon with 385 + or - apartments. Under-way NOW, a new development with retail and restaurants in rear of this land. Across the road is New England Baseball Complex /3 new baseball fields and new UMass Urgent care facility under construction as well as more to come. Seller WILL HOLD 1ST mortgage, if needed, at competitive rates to qualified buyers, terms to be worked out. Possibly interested in becoming partner in development. LEASE OR PURCHASE! Motivated seller will negotiate more with Cash Offers! Best offer!
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,250,000
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 | $2,600,000 | $2,600,000 | $2,600,000 |
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 | 6.700% | 6.222% | 5.785% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,559 | $15,798 | $21,417 |
Total Monthly Payment | $14,684 | $15,923 | $21,542 |
* 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.