Thomas D. Wood & Co. Brokers $3.2M Reno, NV Loan

MIAMI, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on May 19, 2009, in the amount of $3,200,000 for Quail Corners II and III (top left photo) in Reno, Nevada.

Steve Wood, (bottom left photo) Company Chief Operating Officer, along with Tony Castrignano of Sky Mesa Capital, financed Quail Corners II in the amount of $1,850,000 through Thomas D. Wood and Company’s correspondent relationship with the Standard Life Insurance Company at an interest rate of 6.625%.

The loan term is five years, and can be reset every five years, based on a 25-year amortization and a loan-to-value of 66%.

The 15,251 square-foot office building is home to major tenant Select Real Estate of Nevada. Quail Corners II was built in 1999 and is located at 6512 S. McCarran Boulevard, Reno, Nevada.

Together they also financed Quail Corners III in the amount of $1,350,000 through Thomas D. Wood and Company’s correspondent relationship with the Standard Life Insurance Company at an interest rate of 6.625%.

The loan term is five years, and can be reset every five years, based on a 25-year amortization and a loan-to-value of 60%. The 11,001 square-foot office building is home to major tenant Charles Schwab & Company. Quail Corners III was built in 1999 and is located at 6502 S. McCarran Boulevard, Reno, Nevada.

For further information, please contact:
Steve Wood (305) 447-7820 swood@tdwood.com

Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com

http://www.tdwood.com/.

NAI Realvest forms Special Asset Services Group to Focus on Distressed Properties

ORLANDO, FL - NAI Realvest has formed a Special Asset Services Group, a division of the firm that will focus on distressed commercial properties.

Patrick Mahoney, (top right photo) chief operating officer at NAI Realvest, said the group has already accepted six commercial property listings from area banks valued in excess of $10 million.

Mahoney said NAI Realvest’s Special Asset Services Group is working with banks and other lenders to negotiate the sale of land, development sites, unfinished condominiums under-performing commercial assets and similar properties.

The Special Asset Services Group includes Mahoney and NAI Realvest chairman emeritus George Livingston, (top left photo) managing partner Paul P. Partyka, (bottom right photo) and principals Kevin O’Connor, Christie Alexander, (bottom left photo) Tom Hankins and Ken Runge.

For more information, contact:

Patrick Mahoney, President and COO NAI Realvest, 407-875-9989, pmahoney@realvest.com

Larry Vershel, Larry Vershel Communications, Inc. 407-644-4142 lvershelco@aol.com

Exit Realty of Daytona Beach Reports Sales of Homes, Commercial Properties worth More than $9M Since Opening in February

DAYTONA BEACH, FL - Exit Realty of Daytona Beach reports it has sold homes and commercial properties worth more than $9 million since it opened its doors in late February.

Aswin Suri, (top right photo) owner of Exit Realty of Daytona Beach, said the largest single transaction during the month is the $3 million sale of the 105-unit Georgetown Lakes condo/apartment community on Big Tree Rd. in Port Orange.

EXIT Realty of Daytona Beach is also handling the property management and sales of individual units with a full service management team on site at Georgetown Lakes.

For more information, contact:
Aswin Suri, MHA, B.A., Owner Exit Realty of Daytona, 386-383-3000 (direct)

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142