Thomas D. Wood Brokers $10.25M Loan for Fort Lauderdale, FL Mobile Home Park

MIAMI, FL, Aug. 4, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on July 23, 2009, in the amount of $10,250,000 for Everglades Lakes Mobile Home Park in Ft. Lauderdale, Florida.

Tom Wood, Jr., (top right photo) Company President, financed Everglades Lakes Mobile Home Park through Thomas D. Wood and Company’s correspondent relationship with Advantus Capital Management.

The permanent loan has an interest rate of 6.80% and a 10-year term, based on a 30-year amortization. The loan-to-value is 35%. The 90-acre mobile home park accommodates 485 pads and is located at 2900 SW 52 Avenue, Ft. Lauderdale, Florida.

For further information, please contact:
Tom Wood, Jr. (305) 447-7820 tomjr@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com