MIAMI, FL—May 20, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on May 8, 2009, in the amount of $9,500,000 for the Galleria Mall (top right photo) in Downtown Miami, Florida.Thomas D. Wood, Jr., Company President, financed the Galleria Mall through Thomas D. Wood and Company’s relationship with a local banking institution.
The loan has a fixed interest rate of 6.75% and a five-year term, based on a 25-year amortization. Loan-to-value is 46%.
The three-story, 164,918 square-foot retail and office building is home to major tenant Marshalls, and is located at 251 East Flagler Street, Miami, Florida.
For further information, please contact:
Tom Wood, Jr., (305) 447-7820, tomjr@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com
Tom Wood, Jr., (305) 447-7820, tomjr@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com
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