Thursday, June 11, 2009

PPG Facility in Tampa, FL Gets $1.1M Loan

ORLANDO, FL, June 11, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on June 10, 2009, in the amount of $1,100,000 for the PPG Distribution Facility in Tampa, Florida.

Joe Dear, (top right photo) Company Vice President, financed the PPG Distribution Facility through Thomas D. Wood and Company’s correspondent relationship with StanCorp Mortgage Investors.

The permanent loan has a seven-year term, based on a 21-year amortization, and a loan-to-value of 65%. The 37,674 square-foot single-tenant industrial building is home to PPG Architectural Finishes, Inc., and was built in 1974. PPG Distribution Facility is located at 3015 N. US Highway 301, Tampa, Florida.

For further information, please contact:
Joe Dear, (407) 937-0470,
Jessica Gurtowski, 407) 937-0470,

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