Driftwood Plaza in Jupiter, FL Gets $4M Loan

FORT LAUDERDALE, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on June 29, 2009, in the amount of $4,000,000 for Driftwood Plaza (top right photo) in Jupiter, Florida.

Patrick Madore, Company Vice President, financed Driftwood Plaza 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 40%. The 46,000 square-foot unanchored retail center was built in 1994. Driftwood Plaza is located at 2113 South US 1, Jupiter, Florida.

For further information, please contact:
Patrick Madore, (954) 233-6024, pmadore@tdwood.com


Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com


http://www.tdwood.com/