MIAMI, FL—Ben Jimenez, (photo at right) Assistant Vice President for Thomas D. Wood and Company, secured financing in the amount of $4,000,000 for the 163 Medical Office Building and Shorecrest Retail.Jimenez arranged financing in the amount of $3,250,000 for the 163 Medical Office Building in Charleston, South Carolina. Jimenez financed the loan through a national banking institution at a permanent fixed rate of 5.
54%. The loan term is 10 years with a 30-year amortization, and a loan-to-value of 75%.The 13,851 square-foot office building was built in 2007, and is home to the University Medical Hospital Human Resources Department. The 163 Medical Office Building is located at 163 Rutledge Avenue, Charleston, South Carolina.
Jimenez arranged financing for the Shorecrest Retail Plaza through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent lenders. The loan was secure
d at a permanent fixed rate of 6.125% for a 20-year term and a 20-year amortization, in the amount of $750,000. The loan-to-value is 75%. The 3,567 square-foot retail plaza is home to Latour Design & Development, and is located at 1071-1075 NE 79th Street, Miami, Florida.CONTACTS:
Ben Jimenez
(305) 447-7820
Jessica Gurtowski
(407) 937-0470
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