ORLANDO, FL—Aug. 21, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $2,875,000 for Carino’s Italian Grill (top right photo) and Shoppes at Canopy Park. Jeff Schnupp, (bottom left photo) Company Vice President, financed Carino’s Italian Grill in the amount of $1,900,000 through Thomas D. Wood and Company’s relationship with a local credit union at an interest rate of 6.875%.
The loan term is seven years, based on a 25-year amortization, and a loan-to-value of 76%. The 6,900 square-foot single-tenant restaurant was built in 1999 and is located at 106 E. Highway 332, Lake Jackson, Texas.
John Worrell, Company Assistant Vice President, financed Shoppes at Canopy Park in the amount of $975,000 through Thomas D. Wood and Company’s relationship with a local bank at an interest rate of 6.4%.
The loan term is five years, based on a 25-year amortization, and a loan-to-value of 70%.
The 10,186 square-foot retail center is home to tenants Earth Pets and Spherion Staffing. Shoppes at Canopy Park was built in 1998 and is located at 500 NW 60th Street, Gainesville, Florida.
For further information, please contact:
Jeff Schnupp, (407) 937-0470, jschnupp@tdwood.com
Jeff Schnupp, (407) 937-0470, jschnupp@tdwood.com
John Worrell, (407) 937-0470, jworrell@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com
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