International Shoppes Gets $11M Loan at 6.6%

MIAMI, FL—Steve Wood (top right photo) and Alan R. Cohen (top left photo) of Thomas D. Wood and Company, along with Michael Daspin of United Financial of America, secured financing in the amount of $11,000,000 for International Shoppes in Orlando, Florida.

The loan was financed through a national banking institution at a permanent fixed rate of 6.60%. The loan term is seven years with a 30-year amortization, and a loan-to-value of 70%.

The 72,897 square-foot retail center was built in 1986, and is home to major tenants Value Mart, Quiet Flight Surf Shop and Backstage Billiards.

International Shoppes is located in the heart of the Orlando theme park attractions at 5600 International Drive, Orlando, Florida. (Trolley Car route Map bottom left)

Thomas D. Wood and Company is an independently owned, leading commercial mortgage banking firm in the southeast.

Thomas D. Wood and Company has correspondent relationships with fourteen major life insurance companies, in addition to Wall Street. Thomas D. Wood and Company’s servicing portfolio is now approaching one billion dollars.

This servicing portfolio consists of long-term mortgages on a variety of commercial properties located throughout the state of Florida. These properties include: Retail, Industrial, Office, Senior Housing Communities, Self-storage, Apartments, Warehouses, Hotels and Mobile Home Parks.

Thomas D. Wood and Company’s corporate office is located at 95 Merrick Way, Suite 360, Coral Gables, Florida 33134, with branch offices located at 1700 South MacDill Avenue, Suite 240 A, Tampa, Florida 33629, 1215 Louisiana Avenue, Suite 100, Winter Park, Florida 32789, and 6802 Honeysuckle Trail, Lakewood Ranch, Florida 34202. The website may be accessed through http://www.tdwood.com/.

For further information, please contact:
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com