Saturday, December 13, 2008

Thomas D. Wood & Co. Brokers $3M Borders Book Shop Loan in Miami

MIAMI, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $3,000,000 for Borders Book Shop (top right photo) in Miami, Florida.

Steve Wood, Company Chief Operating Officer, financed the loan through Minnesota Life Insurance Company, one of Thomas D. Wood and Company’s correspondent life insurance companies, at a permanent fixed-rate of 6.55%.

The fully-amortizing loan has a term of 15 years and a 28% loan-to-value. The 17,850 square-foot free-standing retail store was built in 1993 and is located at 9205 South Dixie Highway, Miami, Florida.

For further information, please contact:
Steve Wood, (305) 447-7820, swood@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com

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