Tuesday, June 9, 2009

Thomas D. Wood & Co. Closes $1.55M Loan in Morehead City, NC

MOREHEAD CITY, NC, June 9, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $1,550,000 for the Crystal Coast Apartments in Morehead City, North Carolina.

Brad Cox, (top right photo) CCIM, CPM, Company Vice President, financed the Crystal Coast Apartments through Thomas D. Wood and Company’s relationship with a national lending institution.

The loan has a fixed interest rate of 5.94% and a 10-year term, based on a 30-year amortization. This loan is part of the Fannie Mae Immediate Delivery Loan Program.
The 50-unit apartment complex was built in 1973, and is located on five acres at 2109 Mayberry Loop, Morehead City, North Carolina.

For further information, please contact:
Brad Cox, CCIM, CPM (941) 552-9731 bcox@tdwood.com
Jessica Gurtowski 407) 937-0470 jgurtowski@tdwood.com
Posted by Alex at 2:39 PM
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