ORLANDO, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on January 20, 2009, in the amount of $4,475,773 for the acquisition and development of the Social Security Administration office building in Melbourne, Florida.Doug Rozzell, (top right photo) Company Principal, financed the Melbourne Social Security Administration building through Thomas D. Wood and Company’s relationship with a regional bank.
The loan has an interest rate of LIBOR + 350 basis points, with a floor of 6%. The interest-only loan has a term of 18 months. The loan-to-value is 80% and loan-to-cost is 90%. The 21,284 square-foot Social Security Administration office will be built on two acres at 1650 W. Nasa Boulevard, Melbourne, Florida
For further information, please contact:
Doug Rozzell (407) 937-0470 drozzell@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
http://www.tdwood.com/.
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