The loan was financed through Thomas D. Wood and Company’s relationship with a regional banking institution at a permanent fixed rate of 6.75%. The loan term is five years with a 25-year amortization, and a loan-to-value of 70%.
The borrower refinanced the loan for Bloomingdale Woods in order to purchase the remaining 105 condominium units. The 224-unit condominium conversion was built in 1988, and is located at 3431 Eagle Ridge Road, Valrico, Florida.
For further information, please contact:
Susan Traino, CPA (305) 476-7120 straino@tdwood.com
For further information, please contact:
Susan Traino, CPA (305) 476-7120 straino@tdwood.com
Christian Johannsen, CCIM (305) 476-7123 cjohannsen@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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