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Looking to create a beach front resort style development in the rapid growing city of Samana. . . ?
The proposed “El Valle” (the Valley) site is a beachfront parcel of approximately 300, 000 square meters . The site has approximately 500 linear meters of direct beachfront, with good quality sand in a unique setting: the natural topography creates an amphitheater-like locale. The combination of the ocean frontage and topography are key aspects of the site and must be utilized to maximize its impact to the overall development.
The El Valle parcel has significant topography running through much of the property, ranging from sea level up to approximately 160meters. The most unique characteristic of the El Valle site is the beachfront cave that is on the eastern side of the site.
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Our Executive Mortgage Banker:
Our Insurance Division:
$37,500,000
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
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $30,000,000 | $30,000,000 | $30,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.911% | 6.865% | 6.792% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $184,715 | $194,579 | $263,398 |
Total Monthly Payment | $184,840 | $194,704 | $263,523 |
* 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.