Saturday, August 23, 2008

Thomas D. Wood & Co. Brokers $5M Loan for Condos in Valrico, FL

Miami, FL— Susan Traino and Christian Johannsen of Thomas D. Wood and Company secured financing in the amount of $5,000,000 for Bloomingdale Woods Condominiums (top right photo) in Valrico, Florida.

The loan was financed through Thomas D. Wood and Company’s relationship with a regional banking institution at a permanent fixed rate of 6.75%. The loan term is five years with a 25-year amortization, and a loan-to-value of 70%.

The borrower refinanced the loan for Bloomingdale Woods in order to purchase the remaining 105 condominium units. The 224-unit condominium conversion was built in 1988, and is located at 3431 Eagle Ridge Road, Valrico, Florida.

For further information, please contact:
Susan Traino, CPA (305) 476-7120 straino@tdwood.com

Christian Johannsen, CCIM (305) 476-7123 cjohannsen@tdwood.com

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

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