Thursday, January 9, 2014
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:
Director of Marketing and Public Relations
Thomas D. Wood & Co.
(407) 374 0251