Thomas D. Wood & Co. Brokers Two Loans Totaling $3.4M

ORLANDO, FL— John Worrell, Assistant Vice President for Thomas D. Wood and Company, secured financing in the amount of $3,400,000 for two Mr. Gatti’s Pizza Restaurants and Interstate Industrial.

Both properties were financed through Thomas D. Wood and Company’s correspondent relationship with StanCorp Mortgage Investors.

Worrell secured financing for Mr. Gatti’s Pizza in the amount of $2,500,000 and a rate of 7%. The loan term is 10 years, based on a 25-year amortization, with a loan-to-value of 70%.



Both restaurants are 25,000 square-feet and built in 1995, and are located at 4349 Sherwood Way, San Angelo, Texas and 614 W. Wadley, Midland, Texas.


Worrell arranged financing in the amount of $900,000 for Interstate Industrial at a rate of 6.625%. The loan term is seven years, based on a 25-year amortization, with a loan-to-value of 67%.



The 22,278 square-foot industrial building was built in 1992, and is home to major tenant Critical Response Networks. Interstate Industrial is located at 2130 Interstate Drive, Lakeland, Florida.

For further information, please contact:
John Worrell (407) 937-0470, jworrell@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com