ORLANDO, FL—July 1, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $2,600,000 for Green Medical Center and CVS Pharmacy.John Worrell, (top right photo) Company Assistant Vice President, financed Green Medical Center through Thomas D. Wood and Company’s correspondent relationship with the Standard Life Insurance Company in the amount of $1,650,000 and a rate of 7.125%.
The loan term is seven years, and can be reset every seven years, based on a 25-year amortization.
The loan-to-value is 70%. The 20,700 square-foot medical office is home to major tenants United States Department of Agriculture and Pediatrics Health Choice. Green Medical Center was built in 1966 and renovated in 2006, and is located at 306 S. 10th Street, Haines City, Florida.
Joe Dear, (bottom left photo) Company Vice President, financed a CVS Pharmacy through Thomas D. Wood and Company’s correspondent relationship with the Standard Life Insurance Company in the amount of $950,000. The loan has a five-year term, based on a 25-year amortization and an interest rate of 6.75%. The loan-to-value is 62%. The single-tenant retail store was built in 1996 and is located at 105 W. Hampton Springs Avenue, Perry, Florida.
For further information, please contact:
John Worrell, (407) 937-0470, jworrell@tdwood.com
For further information, please contact:
John Worrell, (407) 937-0470, jworrell@tdwood.com
Joe Dear, (407) 937-0470, jdear@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com
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