Forest Ridge Shopping Center in Asheville, NC Gets $7.2M Loan
Miami, FL-- Marshall Smith, (top left photo)Executive Vice President for Thomas D. Wood and Company, secured financing in the amount of $7,200,000 for the Forest Ridge Shopping Center in Asheville, North Carolina.
The loan was financed through one of Thomas D. Wood and Company’s correspondent life insurance companies at a permanent fixed-rate of 6.25%.
The fully-amortizing loan has a 15-year term and amortization, and a loan-to-value of 42%. The Wal-Mart-anchored shopping center is currently 164,672 square feet, and Wal-Mart plans to add a grocery component to their existing store by expanding their space by 40,000 square feet.Forest Ridge Shopping Center is also home to major tenants Radio Shack and Subway, and is located at 1636 Hendersonville Road, Asheville, North Carolina.
For further information, please contact: Marshall Smith (305) 447-7820 msmith@tdwood.com or Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
Tampa Applebee's and Brookwood Academy Financed
Orlando, FL— Jeff Schnupp, (bottom right photo) Vice President for Thomas D. Wood and Company, secured financing in the amount of $1,150,000 for Applebee’s Restaurant and Brookwood Academy.
Orlando, FL— Jeff Schnupp, (bottom right photo) Vice President for Thomas D. Wood and Company, secured financing in the amount of $1,150,000 for Applebee’s Restaurant and Brookwood Academy.
Schnupp secured financing in the amount of $600,000 for Applebee’s Restaurant in Tampa, Florida.
Schnupp financed the loan through Thomas D. Wood and Company’s relationship with a national lender, at a permanent fixed-rate of 6.75%.
The loan term is 10 years, based on a 20-year amortization, and a loan-to-value of 23%. The 5,354 square-foot restaurant was built in 1999 and is located at 10606 Sheldon Road, Tampa, Florida.
Schnupp arra
nged financing in the amount of $550,000 for Brookwood Academy in Tampa, Florida. Schnupp financed the loan through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent lenders, at a permanent fixed-rate of 6.50%.
nged financing in the amount of $550,000 for Brookwood Academy in Tampa, Florida. Schnupp financed the loan through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent lenders, at a permanent fixed-rate of 6.50%. The loan term is five years, based on a 25-year amortization, and a loan-to-value of 41%. The 8,200 square-foot children’s learning center was built in 1995 and is located at 3820 Coconut Palm Drive, Tampa, Florida.
For further information, please contact: Jeff Schnupp (407) 937-0470 jschnupp@tdwood.com
For further information, please contact: Jeff Schnupp (407) 937-0470 jschnupp@tdwood.com
or Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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