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%.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxVQQsw-rLDwbp2NVmx-mLANdvfEWWobUkJ1h1WtXIY-oOcMacz28lb53xx6-fb8A2LLtwoNr7HJ6il0MHGYNW3p2WJzNvGz8ht49s6ab5-eO5eiZlRCbkj_gNC33BOLo7Q3KSkmRHHyxD/s320/Marshall++Smith,_TD_Wood_Co_.jpg)
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.![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg43xQWYrCC0iuQf0b7QTZKUM8TNCOBVc8sXGMG-dmCdWdt1RoP1GFHpYFVa4SC0_8_weCn7gIVofG5BeuzNAguEtyvBj5Bw4V-0tsFh_5yZS-zdpsrwNQcoztbj45diopdJpV_VHjrYUEb/s320/Jeff+Schnupp,+td+wood+co.JPG)
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%.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqd3Cru1Jvk87KgSpmSNF_-lJJrAA13k0DLmQLtenVqxkTbp97ADS6d43m5CtANsFxxfkyQaLbjzwpsAiDS_K1lCv56zAdfUJLcpd-5ot2OKYyscYcLCTc5yspNhYO6QiP4U1bAc3VHkUW/s320/Applebee's+tampa+locations.bmp)
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
No comments:
Post a Comment