Thomas D. Wood Finds Financing for Millennium Healthcare Medical Office Building in Orlando

Orlando, Florida—July 15, 2008—Daniel Byrnes, (top right photo) Assistant Vice President for Thomas D. Wood and Company, secured construction financing in the amount of $1,300,000 for Millennium Healthcare medical office building in Orlando, Florida.

Byrnes financed the loan through Thomas D. Wood and Company’s relationship with a regional banking institution. The two-year, interest-only construction loan has a rate of Prime + 1/2%. The mini-perm loan term is three years with a 20-year amortization at a rate of 275 basis points + 3-year U. S. Treasury.

The 5,589 square-foot medical office is being built on 0.78 acres of land; construction will be completed this year. The loan-to-value is 79%. Millennium Healthcare is an owner-occupied, single-tenant medical office located at the northwest corner of John Young Parkway and Oak Ridge Road, Orlando, Florida.

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:
Daniel Byrnes (407) 937-0470 dbyrnes@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com