Thursday, February 28, 2008

Thomas Wood & Co. Brokers $5.8M Loan for Miami Retail Center

MIAMI, FL—William Kaler, (photo top left) Assistant Vice President for Thomas D. Wood and Company, secured financing in the amount of $5,800,000 for the Sunset & 97th Retail Center in Miami, Florida.

Kaler financed the loan through a national banking institution at a permanent fixed rate of 6.31%. The loan term is 10 years, with a 30-year amortization and a loan-to-value of 75%. The 46,322 square-foot retail center was built in 1985, and is located at 9700 SW 72nd Street, Miami, 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, Suite 100, Winter Park, Florida 32789. The website may be accessed through http://www.tdwood.com/.

For further information, please contact:
William Kaler
(305) 447-7820

Jessica Gurtowski
(407) 937-0470
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