FORT LAUDERDALE, FL—Jan. 19, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $4,050,000 for Waterford Commons Retail Center.Patrick Madore, (top right photo) Company Vice President, financed the loan through Thomas D. Wood and Company’s relationship with a local bank at a permanent fixed-rate of 6.60%.
The loan has a 10-year term, with a five-year rate review, based on a 30-year amortization and a loan-to-value of 70%. The 33,000 square-foot unanchored retail center was built in 2007 and is located at 450 Samarian Boulevard, Orlando, Florida.
For further information, please contact:
Patrick Madore (954) 233-6024 pmadore@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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