Tuesday, March 4, 2008

ORLANDO, FL—March 4, 2008—Doug Rozzell, (photo top left) Principal for Thomas D. Wood and Company, secured construction financing in the amount of $1,905,345 for the Social Security Administration Building in Lake City, Florida.

Rozzell financed the 18-month, interest-only construction loan through a regional banking institution at LIBOR + 250 basis points and 97% loan-to-cost. The 9,432 square-foot office building will be constructed on 2.5 acres at the southwest corner of Bascom Norris Drive and Sister’s Welcome Road, Lake City, Florida.
For further information, please contact:
Doug Rozzell
(407) 937-0470
Jessica Gurtowski
(407) 937-0470
at

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