Wednesday, July 29, 2009

Thomas D. Wood & Co. Brokers $9.33M Loan in Mount Dora, FL

ORLANDO, Fl, July 29, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured construction financing on July 28, 2009, in the amount of $9,330,000 for Loch Leven Landing in Mount Dora, Florida.

Doug Rozzell (top right photo) financed Loch Leven Landing, a grocery-anchored shopping center, through Thomas D. Wood and Company’s relationship with two community banks.

The construction/mini-permanent loan has an interest rate of Prime + 1.5% floating with a floor of 5.875%. The loan term is 24 months interest-only, converting to a 36-month mini-perm, based on a 25-year amortization.

Loan-to-value is 75% and loan-to-cost is 85%. The 71,540 square-foot retail center will be home to major tenant Publix, and will be built on 15.03 acres at the intersection of US 441 and SR 44 in Mount Dora, Florida.

For further information, please contact:
Doug Rozzell, (407) 937-0470,
Jessica Gurtowski, (407) 937-0470,

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