ORLANDO, FL—John Worrell, (top right photo) Assistant Vice President for Thomas D. Wood and Company, secured financing in the amount of $1,400,000 for the Hannon Office Building and Goldenrod Industrial. Worrell arranged financing in the amount of $650,000 for the Hannon Office Building in Satellite Beach, Florida.
Worrell financed the loan through Kansas City Life, one of Thomas D. Wood and Company’s correspondent lenders, at a permanent fixed rate of 6.125%. The loan term is 10 years with a 25-year amortization, and a loan-to-value of 52%.
The 7,200 square-foot office building was built in 1968, with a two-story addition added in 2001, and is home to Century 21 and Alliance. The Hannon Office Building is located at 1110 State Road A1A, Satellite Beach, Florida.
Worrell arranged fin
ancing for Goldenrod Industrial through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent lenders. The loan was secured at a permanent fixed rate of 6.25% for a 10-year term and a 20-year amortization, in the amount of $750,000. The loan-to-value is 40%.
ancing for Goldenrod Industrial through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent lenders. The loan was secured at a permanent fixed rate of 6.25% for a 10-year term and a 20-year amortization, in the amount of $750,000. The loan-to-value is 40%. The 26,850 square-foot industrial building is home to C & M Granite and Orlando Concrete, and is located at 1714 North Goldenrod Road, Orlando, Florida.
CONTACTS:
John Worrell, (407) 937-0470, jworrell@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com
No comments:
Post a Comment