ORLANDO, FL--Doug Rozzell, Principal for Thomas D. Wood and Company, has secured financing in the amount of $32,250,000 for the SAC Wal-Mart Portfolio and Orlando Tradeport.Rozzell arranged preferred equity financing on behalf of a Detroit-based developer in the amount of $30,600,000 to purchase the equity interest in 35 Wal-Mart shadow-anchored shopping centers located throughout tertiary markets in the Midwestern United States. The transaction was funded through a European-based equity fund, which injected 90% of the required equity.
Rozzell also arranged financing for Orlando Tradeport, a 24-month land loan in the amount of $1,650,000, through a local banking institution. Proceeds were used to acquire 177 acres of vacant land, of which 152 acres was a former landfill for the United States Navy.
The interest-only loan was priced at 1% above the Prime rate of interest, and the lender charged a 1% origination fee on the full recourse loan. The Orlando Tradeport is located at the northwest corner of Tradeport Road and Boggy Creek Road, Orlando, Florida.
Thomas D. Wood and Company is an independently owned, leading commercial mortgage banking firm in the southeast. Thomas D. Wood and Company has correspondent relationships with fourteen major life insurance companies, in addition to Wall Street. Thomas D. Wood and Company’s servicing portfolio is now approaching one billion dollars.
This servicing portfolio consists of long-term mortgages on a variety of commercial properties located throughout the state of Florida. These properties include: Retail, Industrial, Office, Senior Housing Communities, Self-storage, Apartments, Warehouses, Hotels and Mobile Home Parks.
Thomas D. Wood and Company’s corporate office is located at 95 Merrick Way, Suite 360, Coral Gables, Florida 33134, with branch offices located at 1700 South MacDill Avenue, Suite 240 A, Tampa, Florida 33629, and 1215 Louisiana Avenue, Winter Park, Florida 32789. The website may be accessed through http://www.tdwood.com/.
For further information, please contact:
Doug Rozzell
(407) 937-0470
Jessica Gurtowski
(407) 937-0470
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