Monday, August 11, 2008

Planned New Lakeland, FL Social Security Administration Building Gets $3.2M Loan


ORLANDO, FL—August 11, 2008— Doug Rozzell, (middle left photo) Principal for Thomas D. Wood and Company, secured financing in the amount of $3,206,753 for the Lakeland Social Security Administration Building in Lakeland, Florida.

The loan was financed through Thomas D. Wood and Company’s relationship with a national financial institution at a permanent fixed rate of 6.8%.

The loan term is 10 years with a 20-year amortization, and a loan-to-cost of 97%. The 14,212 square-foot single-tenant office building will be built on 2.8 acres at 550 Commerce Drive, Lakeland, Florida.
The website may be accessed through http://www.tdwood.com/.
For further information, please contact:

Doug Rozzell, (407) 937-0470, drozzell@tdwood.com

Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com

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