Thomas D. Wood Brokers $2.4M Loan for Palm Bay Studios in Miami

MIAMI, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $2,400,000 for Palm Bay Studios (site map, top right) in Miami, Florida.

Stephen Wechsler, (bottom left photo) Company Vice President, financed the loan through Thomas D. Wood and Company’s relationship with a community banking institution at a permanent fixed-rate of 6.25%.

The loan term is five years, based on a 25-year amortization, and a loan-to-value of 35%. The 92,200 square-foot industrial building was built in 1946 and is located at 395 NE 59th Street, Miami, Florida.

For further information, please contact:

Stephen Wechsler, (305) 447-7874, swechsler@tdwood.com

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