FORT LAUDERDALE, FL—July 2, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on June 30, 2009, in the amount of $5,037,500 for the Commons at Abacoa II (top left photo) in Jupiter, Florida.Patrick Madore, (bottom right photo) Company Vice President, financed the Commons at Abacoa II through Thomas D. Wood and Company’s relationship with a regional bank.
The loan has an interest rate of 6.5% and a 10-year term with a five-year rate review, based on a 25-year amortization. The loan-to-value is 65%. The 29,461 square-foot office building was built in 2007 and is home to major tenant Health Care REIT. The Commons at Abacoa II is located at 661 University Drive, Jupiter, 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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