Tuesday, March 16, 2010

Walgreens Gets $2M Loan for Hawaiian Court Store in Orlando


ORLANDO, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on March 3, 2010, in the amount of $2,000,000 for Walgreens at Hawaiian Court in Orlando, Florida.


Steven Hayes Wood, Company Chief Operating Officer, along with Mike Daspin of United Financial of America, financed Walgreens at Hawaiian Court through Thomas D. Wood and Company’s correspondent relationship with Woodmen of the World Life Insurance Company.

The fully-amortizing loan has a term of ten years and an interest rate of 6.125%. The loan-to-value is 37% and loan-to-cost is 36.25%. Walgreens at Hawaiian Court is a 13,677 square foot retail building, built in 2010, and located at 9858 International Drive, Orlando, Florida.

For further information, please contact:
Steven Wood (305) 447-7836 swood@tdwood.com
Jessica Kinnee (407) 937-0470 jkinnee@tdwood.com

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