MIAMI, FL—Marshall Smith,(top right photo) Executive Vice President for Thomas D. Wood and Company, secured financing in the amount of $3,000,000 for Fairview Crossings Shopping Center in Fairview, North Carolina.Smith financed the loan through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent lenders, at a permanent fixed rate of 6.10%.
The loan term is 25 years with a 25-year amortization, with rate resets every five years, and a loan-to-value of 70%.
The 43,120 square-foot retail center was built in 1997, and is home to major tenant Food Lion. Fairview Crossings is located at 1350 Charlotte Highway, Fairview, North Carolina.
For further information, please contact:
Marshall Smith, (305) 447-7820, msmith@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com
Marshall Smith, (305) 447-7820, msmith@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com
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