Patrick Madore, (top right photo) Company Vice President, financed the CVS Pharmacy through Thomas D. Wood and Company’s relationship with a regional bank.
The construction/mini-perm loan has an interest rate of 6%, and is interest-only for the first year. The loan term is five years, based on a 25-year amortization. Loan-to-value is 75% and loan-to-cost is 90%.
The 14,000 square-foot retail building will be built on two acres of land on US Highway 1 in Ft. Pierce, Florida.
For further information, please contact:
Patrick Madore, (954) 233-6024, pmadore@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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