ORLANDO, FL, May 29, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on May 27, 2009, in the amount of 2,500,000 for a CVS Pharmacy in DeSoto, Texas.Jeff Schnupp, (top right photo) Company Vice President, financed the CVS Pharmacy through Thomas D. Wood and Company’s relationship with a local banking institution.
The loan has a fixed interest rate of 7% and a five-year term, based on a 22-year amortization. Loan-to-value is 55%. The 13,813 square-foot single-tenant retail store was built in 2004, and is located at 1305 W. Beltline Road, DeSoto, Texas.
Contacts:Jeff Schnupp, (407) 937-0470, jschnupp@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com
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