ORLANDO, FL—March 24, 2008—Doug Rozzell, (photo at left) Principal for Thomas D. Wood and Company, secured construction financing in the amount of $3,435,000 for the Social Security Administration Building in Port St. Lucie, Florida. (top right photo)
For further information, please contact:
Doug Rozzell
Rozzell financed the 18-month, interest-only construction loan through a regional banking institution at LIBOR + 250 basis points and 99% loan-to-cost, based upon a forward commitment from GE Business Properties. The 18,500 square-foot office building will be constructed on 2.3 acres on US Highway 1 in Port St. Lucie, Florida.
For further information, please contact:
Doug Rozzell
(407) 937-0470
Jessica Gurtowski
(407) 937-0470
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