MIAMI, FL—Marshall Smith, (top right photo) Executive Vice President for Thomas D. Wood and Company, secured financing in the amount of $2,000,000 for Woodson Terrace, Charlotte Harbor and Delray Firestone.All three properties were financed through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent lenders.
Smith arranged financing in the amount of $300,000 for Woodson Terrace at a permanent fixed rate of 6.10%. The loan term is 25 years with a 25-year amortization and interest rate resets every five years, and a loan-to-value of 53
%. The 3,456 square-foot retail building was built in 1981 and is home to major tenant Denny’s. Woodson Terrace is located at 9900 Natural Bridge Road, St. Louis, Missouri. Smith financed Charlotte Harbor in the amount of $1,000,000 at a permanent fixed rate of 6.10%. The loan term is 25 years with a 25-year amortization and interest rate resets every five years, and a loan-to-value of 47%.
The 46,767 square-foot retail building was built in 1973 and renovated in 2007. Charlotte Harbor is home to major tenant Rooms to Go, and is located at 4430 Tamiami Trail, Port Charlotte, Florida.
Smith arranged financing in the amount of $700,000 for Delray Fir
estone at a permanent fixed rate of 6.10%. The loan term is 25 years with a 25-year amortization and interest rate resets every five years, and a loan-to-value of 66%.
estone at a permanent fixed rate of 6.10%. The loan term is 25 years with a 25-year amortization and interest rate resets every five years, and a loan-to-value of 66%. The 7,047 square-foot retail building was built in 1985. Delray Firestone is located at 5180 W. Atlantic Avenue, Delray Beach, Florida.
For further information, please contact:Marshall Smith, (305) 447-7820, msmith@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com
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