Winter Garden, FL Office Building Gets $2.8M Loan

ORLANDO, FL—July 10, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on July 7, 2009, in the amount of $2,800,000 for the Mercantile Office Building (top left photo) in Winter Garden, Florida.

Doug Rozzell and Jeff Schnupp financed the Mercantile Office Building through Thomas D. Wood and Company’s correspondent relationship with The Standard Life Insurance Company.

The permanent loan has an interest rate of 6.75% and a five-year term, based on a 25-year amortization. The loan-to-value is 56%.

The 31,857 square-foot multi-tenant office building was built in 2000, and is home to major tenant Mercantile Bank. The Mercantile Office Building is located at 12200 West Colonial Drive, Winter Garden, Florida.

For further information, please contact:
Doug Rozzell, (407) 937-0470, drozzell@tdwood.com

Jeff Schnupp, (407) 937-0470, jschnupp@tdwood.com

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