International Shoppes Gets $11M Loan at 6.6%

MIAMI, FL—Steve Wood (top right photo) and Alan R. Cohen (top left photo) of Thomas D. Wood and Company, along with Michael Daspin of United Financial of America, secured financing in the amount of $11,000,000 for International Shoppes in Orlando, Florida.

The loan was financed through a national banking institution at a permanent fixed rate of 6.60%. The loan term is seven years with a 30-year amortization, and a loan-to-value of 70%.

The 72,897 square-foot retail center was built in 1986, and is home to major tenants Value Mart, Quiet Flight Surf Shop and Backstage Billiards.

International Shoppes is located in the heart of the Orlando theme park attractions at 5600 International Drive, Orlando, Florida. (Trolley Car route Map bottom left)

Thomas D. Wood and Company is an independently owned, leading commercial mortgage banking firm in the southeast.

Thomas D. Wood and Company has correspondent relationships with fourteen major life insurance companies, in addition to Wall Street. Thomas D. Wood and Company’s servicing portfolio is now approaching one billion dollars.

This servicing portfolio consists of long-term mortgages on a variety of commercial properties located throughout the state of Florida. These properties include: Retail, Industrial, Office, Senior Housing Communities, Self-storage, Apartments, Warehouses, Hotels and Mobile Home Parks.

Thomas D. Wood and Company’s corporate office is located at 95 Merrick Way, Suite 360, Coral Gables, Florida 33134, with branch offices located at 1700 South MacDill Avenue, Suite 240 A, Tampa, Florida 33629, 1215 Louisiana Avenue, Suite 100, Winter Park, Florida 32789, and 6802 Honeysuckle Trail, Lakewood Ranch, Florida 34202. The website may be accessed through http://www.tdwood.com/.

For further information, please contact:
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com

Thomas D. Wood Finds Financing for Millennium Healthcare Medical Office Building in Orlando

Orlando, Florida—July 15, 2008—Daniel Byrnes, (top right photo) Assistant Vice President for Thomas D. Wood and Company, secured construction financing in the amount of $1,300,000 for Millennium Healthcare medical office building in Orlando, Florida.

Byrnes financed the loan through Thomas D. Wood and Company’s relationship with a regional banking institution. The two-year, interest-only construction loan has a rate of Prime + 1/2%. The mini-perm loan term is three years with a 20-year amortization at a rate of 275 basis points + 3-year U. S. Treasury.

The 5,589 square-foot medical office is being built on 0.78 acres of land; construction will be completed this year. The loan-to-value is 79%. Millennium Healthcare is an owner-occupied, single-tenant medical office located at the northwest corner of John Young Parkway and Oak Ridge Road, Orlando, Florida.

Thomas D. Wood and Company’s corporate office is located at 95 Merrick Way, Suite 360, Coral Gables, Florida 33134, with branch offices located at 1700 South MacDill Avenue, Suite 240 A, Tampa, Florida 33629, 1215 Louisiana Avenue, Suite 100, Winter Park, Florida 32789, and 6802 Honeysuckle Trail, Lakewood Ranch, Florida 34202. The website may be accessed through http://www.tdwood.com/.

For further information, please contact:
Daniel Byrnes (407) 937-0470 dbyrnes@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com

Orlando-based Terry's Electric, Inc. completes electrical work at new Office Building in Kissimmee, FL

ORLANDO, FL – Terry’s Electric, Inc., one of Florida’s leading electrical contractors, completed nearly $350,000 for electrical work at the new 3-story, 40,000-square-foot Parkvue Office Building located at 222 Broadway, Kissimmee, FL. Roger B. Kennedy, Inc., Altamonte Springs, was general contractor for the project, according to Mark Neveu, Commercial Division president of Terry’s Electric. The project was designed by Charles H. Parsons Architect, Kissimmee, FL.

Founded in 1979 by B. Terence “Terry” and Jeanne Quigley, Terry’s Electric, Inc. has experienced steady growth and nationally ranks among Engineering News-Record’s Top 600 Specialty Contractors. With approximately $50 million annual revenue and over 340 loyal employees, the company is Florida’s fourth largest electrical contractor. Originally established to serve the local community following the opening of nearby Walt Disney World, Orlando-based Terry’s Electric also operates branch offices in Tampa and West Palm Beach.

Terry’s Electric, Inc.’s headquarters is located at 600 N. Thacker Avenue, Suite A, Kissimmee, FL 34741, telephone (407) 572-2100.




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