Orlando, Florida—May 28, 2008—Doug Rozzell, Principal for Thomas D. Wood and Company, secured financing in the amount of $2,300,000 for the development of Mercator Industrial in Orlando, Florida.Rozzell financed the construction loan through Thomas D. Wood and Company’s relationship with a regional banking institution, at an interest rate of Prime + 1%.
The loan term is five y
ears with a 25-year amortization, and a loan-to-value of 70%. The owner-occupied industrial project will be built on 10.64 acres located on Mercator Drive in Orlando, Florida.CONTACTS:
Doug Rozzell, 407 937 0470, drozzell@tdwood.com
Jessica Gurtowski, 407 937 0470, jgurtowski@tdwood.com
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