MIAMI, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on October 1, 2009, in the amount of $4,600,000 for Lincoln-Lauderhill Industrial in Lauderdale Lakes and Lauderhill, Florida.
Marshall Smith, (top right photo) Company Executive Vice President, financed Lincoln-Lauderhill through Thomas D. Wood and Company’s relationship with a local bank.
The loan term is ten years, and the rate can be reset after five years, based on a 25-year amortization and a loan-to-value of 49.4%. The interest rate is 6.50%.
The two properties total 328,400 square feet of industrial space, and were built between 1974 and 1978. Lincoln-Lauderhill Industrial is located at 3435-3699 NW 19th Street, Lauderdale Lakes, and 1840-1898 NW 38th Avenue, Lauderhill, Florida.
For further information, please contact:
Marshall Smith (305) 447-7820 msmith@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
No comments:
Post a Comment