Miami, FL – Thomas D. Wood and Company, a Strategic
Alliance Mortgage LLC member, secured $140,000,000 in commercial debt placement
during the fourth quarter, contributing to company-wide closings of more than
$350,000,000 for the year.
Interest rates dropped as low as 4.45%, contributing
to the increase in successful closings in Q4, and 2013 as a whole. The
six offices of Thomas D. Wood and Company secured financing on commercial
properties throughout Florida and the United States.
The most notable transactions during the fourth
quarter included the following: $29,000,000 construction loan for the
renovation of a hotel in Miami Beach, Florida; $12,450,000 permanent fixed-rate
loan for the acquisition of a grocery-anchored retail center in Riverview,
Florida; and $23,000,000 bridge loan for the acquisition of a mixed-use center
in Burlington, Vermont.
For a complete copy of the company’s news release,
please contact:
Jessica Kinnee
Director of Marketing and Public Relations
Thomas D. Wood & Co.
(407) 374 0251
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