Sarasota, Florida—September 21, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on September 17, 2009, in the amount of $1,520,000 for the TD Bank Ground Lease in Coconut Creek, Florida.
Brad Cox (top right photo), CCIM, CPM, Company Vice President, financed the TD Bank Ground Lease through Thomas D. Wood and Company’s correspondent relationship with Summit Investment Advisors.
The borrower acquired the parcel of land to lease to TD Bank to build a branch office. The loan term is 10 years, based on a 25-year amortization and a loan-to-value of 60%. The TD Bank branch will be built on 0.9 acres, located at 6700 State Road 7, Coconut Creek, Florida.
For further information, please contact:
Brad Cox, CCIM, CPM, (941) 552-9731, bcox@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com
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