United Commercial Investments Office Building Obtains $1.9M LoanORLANDO, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $1,905,000 for YBOR Mixed-Use and United Commercial Investments Office Building.
Jeff Schnupp, (top right photo) Company Vice President, financed $1,575,000 for YBOR Mixed-Use through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent life insurance lenders, at a permanent fixed-rate of 6.50%.
The loan term is
five years, based on a 25-year amortization, and a loan-to-value of 72%. The 10,221 square-foot mixed-use project was built in 1904, and is located at 1603 1/2 E. 7th Avenue, Tampa, Florida.
five years, based on a 25-year amortization, and a loan-to-value of 72%. The 10,221 square-foot mixed-use project was built in 1904, and is located at 1603 1/2 E. 7th Avenue, Tampa, Florida. John Worrell, (top left photo) Company Assistant Vice President, secured financing in the amount of $330,000 for United Commercial Investments Office Building.
Worrell financed the loan through Thomas D. Wood and Company’s relationship with a regional bank at a permanent fixed-rate of Prime + 2.5%.
The loan term is three years, based on a 25-year amortization, and a loan-to-value of 75%. The 2,640 square-foot office building is home to tenants Pro Kitchens and Top Docs, and is located at 80 Spring Vista Drive, DeBary, Florida.
For further information, please contact:
Jeff Schnupp (407) 937-0470 jschnupp@tdwood.com
John Worrell (407) 937-0470 jworrell@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
Jeff Schnupp (407) 937-0470 jschnupp@tdwood.com
John Worrell (407) 937-0470 jworrell@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
Windsor Tower Apartments in Ocala, FL Gets $1.9M Loan
ORLANDO, FL-— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $1,900,000 for the Windsor Tower Apartments (site map middle right) in Ocala, Florida. Jeff Schnupp, Company Vice President, financed the loan through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent life insurance companies, at a permanent fixed-rate of 6.75%.
The loan term is five years, based on a 25-year amortization, and a loan-to-value of 55%. The 64-unit multi-family complex was built in 1974. Windsor Tower Apartments is located at 3902 E. Silver Springs Blvd., Ocala, Florida.
For further information, please contact:
Jeff Schnupp (407) 937-0470 jschnupp@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
For further information, please contact:
Jeff Schnupp (407) 937-0470 jschnupp@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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