Done Deals: Thomas D. Wood & Co. Brokers $7.5M on Three Loans

Friday, October 31, 2008

Thomas D. Wood & Co. Brokers $7.5M on Three Loans

Midtown Professional Center, Tampa, Gets $2.3M Loan

MIAMI, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $2,300,000 for the Midtown Professional Center (top right photo) in Tampa, Florida.

Alan R. Cohen, (top left photo) Company Vice President, financed the loan through a regional community bank at a rate of 5.95%. The loan term is three years, based on a 25-year amortization, and a loan-to-value of 63%.

The 21,382 square-foot medical office is home to major tenant Amsurg Tampa, and was built in 1967. Midtown Professional Center is located at 4809 N. Armenia Avenue, Tampa, Florida.

For further information, please contact:
Alan R. Cohen (305) 447-7820 acohen@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com

Tatiana's Apartments and Cypress Gardens RV Park Receive Separate Loans Totaling $1.66M

ORLANDO, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $1,666,500 for Tatiana’s Apartments and Cypress Gardens RV Park. (middle right photo)

Jeff Schnupp (middle left photo), Company Vice President, financed Tatiana’s Apartments through a national lender at an interest rate of 6.57%.

The loan term is 10 years, based on a 30-year amortization, and a loan-to-value of 58%. The 16-unit multifamily complex was built in 1979 and renovated in 2007.

Tatiana’s Apartments are located at 6216 and 6224 Washington Street, Hollywood, Florida.

John Worrell, (middle right photo) Company Assistant Vice President, secured financing for the Cypress Gardens RV Park through a regional bank at an interest rate of Prime + 2.3%.

The loan term is five years, based on a 15-year amortization, and a loan-to-value of 75%. The 191-campsite RV park is located on 18.7 acres at 7400 Cypress Gardens Boulevard, Winter Haven, Florida.

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

Quail Park at El Dorado Hills, CA Wins $3.5M Loan

MIAMI, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $3,500,000 for Quail Park at El Dorado Hills, (bottom right photo) an office complex in El Dorado Hills, California.

Steven Hayes Wood, (bottom left photo) Company Chief Operation Officer, financed the loan through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent life insurance lenders, at a rate of 6.50%.

e loan term is five years, and can be reset every five years, based on a 25-year amortization and a loan-to-value of 71.28%. The 16,800 square-foot office complex is comprised of two one-story multi-tenant buildings, and was built in 2005. Quail Park at El Dorado Hills is located at 1190 and 1192 Suncast Lane, El Dorado Hills, California.