Miami Retail-Warehouse Building Gets $1.04M Loan
MIAMI, FL—Oct. 27, 2008— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $1,040,000 for the 1741 Building in Miami, Florida.
LAKEWOOD RANCH, FL—Oct. 27, 2008— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $5,800,000 for Handy Storage and Discount Mini-Storage.
Cox arranged financing for Discount Mini-Storage in the amount of $2,800,000 and a rate of 6.7%.
Ben Jimenez, (top right photo) Company Assistant Vice President, financed the loan through StanCorp Mortgage Investors, one of Thomas D. Wood and Comp
any’s correspondent lenders, at a rate of 6.875%.
any’s correspondent lenders, at a rate of 6.875%.The fully-amortizing loan has a term of 15 years and a loan-to-value of 60%. The 11,880 square-foot retail/warehouse building is owner-occupied by India Clothier, and was built in 1965. The 1741 Building is located at 1741 NW 20th Street, Miami, Florida.
For further information, please contact:
Ben Jimenez (305) 447-7820 bjimenez@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
http://www.tdwood.com/
For further information, please contact:
Ben Jimenez (305) 447-7820 bjimenez@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
http://www.tdwood.com/
Handy Storage and Discount Mini-Storage, Pembroke Pines, Receives $5.8M Loan
LAKEWOOD RANCH, FL—Oct. 27, 2008— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $5,800,000 for Handy Storage and Discount Mini-Storage. Both properties were financed through Thomas D. Wood and Company’s correspondent relationship with StanCorp Mortgage Investors.
Brad Cox, (bottom left photo) Company Vice President, secured financing for Handy Storage in the amount of $3,000,000 and a rate of 6.375%.
The loan term is 20 years, based on a 25-year amortization, with a loan-to-value of 36%. The 90,886 square-foot self-storage facility was built in 1996 and is located at 350 S. University Drive, Pembroke Pines, Florida. 
Cox arranged financing for Discount Mini-Storage in the amount of $2,800,000 and a rate of 6.7%.
The loan term is 20 years, based on a 25-year amortization, with a loan-to-value of 70%.
The 55,782 square-foot self-storage facility was built in 1986 and 1999, and is located at 5002 S. Manhattan Avenue, Tampa, Florida. (bottom right site map)
For further information, please contact:
Brad Cox (941) 907-8112 bcox@tdwood.com
For further information, please contact:
Brad Cox (941) 907-8112 bcox@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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