Social Security Administration Office in St. Augustine, FL Gets $1.8M Construction Loan

ORLANDO, FL— Doug Rozzell, (top right photo) Principal for Thomas D. Wood and Company, secured financing in the amount of $1,800,000 for the construction of the Social Security Administration office in St. Augustine, Florida.

The loan was financed through Thomas D. Wood and Company’s relationship with a regional bank at a rate of 250 basis points + 30-day LIBOR. The 18-month interest-only construction loan has a loan-to-value of 60%, and a loan-to-cost of 90%.

The 7,306 square-foot Social Security Administration office will be built on 1.46 acres of land located at 2440 Old Moultrie Road, St. Augustine, Florida.

For further information, please contact:

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

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