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This 2. 83-acre Opportunity Zone site is located at the main entrance to the 2300-unit West Oak Village Planned Development in Ocala, FL. It is approved for 25, 000 square feet of commercial space. The site is pad-ready with all utilities to the boundary.
The West Oak community is a 217-acre community consisting of 1, 842 apartments and 458 single-family homes. All are workforce & market-rate residences. It is located 1 mile from the existing Hwy 27 I-75 interchange, and the 500-acre Ocala Marion County Commerce Park. The site is also 1 mile from the new second I-75 interchange featuring Buc-ee's.
West Oak is bounded on the north by NW 35th Street & to the south by NW 21st Street. NW 27th Avenue is the western boundary. It is within a mile of I-75 to the west and 441 to the east. Also within 1 mile is the Ocala/Marion County Commerce Park. This 489-acre commerce park, which parallels and abuts I-75, is now home to four Fortune 500 companies, namely FedEx, AutoZone, Chewy & Amazon. Combined, these companies occupy 2, 600, 000 sqft of distribution & order fulfillment facilities. Another 2, 500, 000 sqft of distribution is in the final stages of completion. These facilities will create 4, 000+ jobs. Significant capacity remains.
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:
$2,405,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,924,000 | $1,924,000 | $1,924,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.312% | 6.385% | 6.223% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,381 | $11,846 | $16,236 |
| Total Monthly Payment | $11,506 | $11,971 | $16,361 |
* 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.