MIAMI, FL—May 22, 2008—Marshall Smith,(top right photo) Executive Vice President for Thomas D. Wood and Company, secured financing in the amount of $3,405,000 for Giralda Retail in Coral Gables, Florida.
Smith arranged financing in the amount of $3,405,000 for Giralda Retail in Coral Gables, Florida. Sm
ith financed the loan through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent lenders, at a permanent fixed rate of 6.25%.
ith financed the loan through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent lenders, at a permanent fixed rate of 6.25%.The loan term is 10 years with a 25-year amortization, and a loan-to
-value of 62%. The four retail buildings total 17,149 square-feet, and were built between 1941 and 1956.
-value of 62%. The four retail buildings total 17,149 square-feet, and were built between 1941 and 1956. For further information, please contact:
Marshall Smith, (305) 447-7820, msmith@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com
Marshall Smith, (305) 447-7820, msmith@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com
No comments:
Post a Comment