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| Mary Hurley |
Orlando, FL – The Orlando Office of Thomas D. Wood Company,
a Strategic Alliance Mortgage LLC member, secured $23,700,000 in commercial
mortgage transactions for properties throughout the state of Florida.
Interest rates continue to stay as low as
3.5%, contributing to the increase in successful closings.
Senior Vice
President Mary Hurley, CCIM, obtained bridge financing in the amount of
$5,000,000 for the refinance of Kelly Park Crossing, 95 acres of land located
in Apopka, Florida.
The borrower needed
short-term funds to complete the pre-development phase until the take-out by a
national community developer.
Vice President Jeff
Schnupp secured financing for the Financial Center Winter Park in the
amount of $2,900,000 through Thomas D. Wood and Company’s correspondent
relationship with Symetra Life Insurance Company.
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| Jeff Schnupp |
The owner did a complete renovation to the building, and he
wanted to refinance his current mortgage to recoup some of the equity for
another project, and secure a permanent loan with a low interest rate.
The 32,400 square-foot multi-tenant office
building is home to Wells Fargo and is located in Winter Park, Florida.
The Orlando office
also secured $15,800,000 in financing for a mixed-use office and retail building
in Orlando through a regional bank.
For a complete copy of the company’s news release, please
contact:
Jessica Kinnee, Director Marketing & Public Relations, 407
374 0251, jessica@tdwood.com
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