MIAMI, FL, Aug. 7, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on August 5, 2009, in the amount of $11,971,294 for Quail Park IV Office and Sanford Towne Square Shopping Center. Steve Wood, (bottom right photo) Company Chief Operating Officer, along with Tony Castrignano of Sky Mesa Capital, financed Quail Park IV Office in the amount of $10,000,000 through Thomas D. Wood and Company’s relationship with a national life insurance company at an interest rate of 7.65%.
The loan term is 7 years, based on a 22-year amortization, and a loan-to-value of 58%. The 103,349 square-foot office building is home to major tenant Colonial Bank. Quail Park IV was built in 1983 and is located at 2810 and 2820 West Charleston Boulevard, Las Vegas, Nevada.
Steve Wood and Doug Rozzell, Company Principal, financed Sanford Towne Square through Thomas D. Wood and Company’s correspondent relationship with Woodmen of the World Life Insurance Company at an interest rate of 7.375%.
The loan has a fully-amortizing 10-year term and a loan-to-value of 37%. The 88,905 square-foot retail center is home to major tenant Winn Dixie, and was built in 1987. Sanford Towne Square is located at 1500 South French Avenue, Sanford, Florida.
For further information, please contact:
Steve Wood, (305) 447-7820, swood@tdwood.com
Steve Wood, (305) 447-7820, swood@tdwood.com
Doug Rozzell , (407) 937-0470, drozzell@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com
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