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Presented by
Jennifer Faga |
Gapway Lakes Masterplan is a 168-acre mixed-use development located in the city of Auburndale, Florida. The property is situated between two lakes, Lake Juliana and Lake Arietta, and has about 1 mile of lake frontage on Lake Juliana. The property’s location is just south of Interstate-4. It’s flanked to the west by the Polk Parkway and County Road 559 to the east. It is conveniently located near Florida Polytechnic University and the DOT SunTrax testing facility. This property sits in an overlay zoning district, called the “Lakes District”, which allows for a mixture of densities and uses across the entire acreage. In addition, the Lakes District allows for the transfer of densities from one parcel to another. There are 8 total parcels included in this assemblage.
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Our Executive Mortgage Banker:
Our Insurance Division:
$29,230,000
Licensed Real Estate Salesperson
William Raveis Real Estate
Phone: 934.231.1263
Jennifer.Faga@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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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 | $23,384,000 | $23,384,000 | $23,384,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.202% | 6.121% | 6.011% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $134,611 | $140,199 | $194,183 |
| Total Monthly Payment | $134,736 | $140,324 | $194,308 |
* 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.