ORLANDO, FL—Aug. 8, 2008— Jeff Schnupp,(top right photo) Vice President for Thomas D. Wood and Company, secured financing in the amount of $2,665,500 for Super Saver Pharmacy #4 and CDM Commerce Center (middle left photo) .Both properties were financed through Thomas D. Wood and Company’s relationship with a regional banking institution.
Schnupp secured construction financing for Super Saver Pharmacy #4 in the amount of $744,000 and a rate of Prime + 1/2%. The 24-month loan has a loan-to-cost of 74%.
The 2,730 square-foot multi-tenant office/retail property will be built on 0.4 acres on Vine Street in Kissimmee, Florida.
Schnupp arranged financing in the amount of $1,921,500 for the CDM Commerce Center at a rate of 6%.
The loan term is five years, based on a 25-year amortization, with a loan-to-value of 66%.
The 14,000 square-foot multi-tenant retail center was built in 2006, and is located at 1901 S. John Young Parkway, Kissimmee, Florida.
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
Bayview Offices in Fort Lauderdale Gets $8M Loan
MIAMI, FL— Tom Wood, Jr.,(top right photo) and Ben Jimenez (top left photo) of Thomas D. Wood and Company secured financing in the amount of $8,000,000 for Bayview Offices in Ft. Lauderdale, Florida.The loan was financed through Thomas D. Wood and Company’s relationship with a regional banking institution at a rate of 6.25%, fixed for five years.
The loan term is 10 years with a 25-year amortization, and a loan-to-value of 67%.
The 84,000 square-foot office building was built in 1968, and is home to major tenants Corinthian Colleges, Bank of America and 7-11 Stores. Bayview Offices is located at 1040 Bayview Drive, Ft. Lauderdale, Florida
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