Thomas D. Wood & Co. Closes 4 Loans Totaling $6.75M in Nevada, Georgia and Florida

Standard Life Provides Funds in Nevada and Florida

MIAMI, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $1,975,000 for McCarran Building E and CMC Leasing.

Steve Wood, (top right photo) Company Chief Operating Officer, along with Tony Castrignano of Sky Mesa Capital, financed McCarran Building E through Thomas D. Wood and Company’s correspondent relationship with The Standard Life Insurance Company in the amount of $875,000.

The loan term is 5+5+5+5+5 years, based on a 25-year amortization and an interest rate of 6.75%. The loan-to-value is 50%. The 9,991 square-foot office was built in 1989 and is home to major tenant The Ribeiro Companies. McCarran Building E is located at 6490 S. McCarran Boulevard, Reno, Nevada.

Wood, along with Susan Murry of Skyline Mortgage Services, financed the CMC Leasing Office Building through The Standard Life Insurance Company in the amount of $1,100,000.

The loan term is 5+5+5+5+5 years, based on a 25-year amortization and an interest rate of 6.875%. The loan-to-value is 61%. The 10,570 square-foot office was built in 1975, and is located at 742 US Highway 1, North Palm Beach, Florida.

For further information, please contact:
Steve Wood (305) 447-7820 swood@tdwood.com
Jessica Kinnee (407) 937-0470 jkinnee@tdwood.com

Pike Center in Lawrencevill, GA Obtains $2.8M

SARASOTA, FL, April 1, 2010— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $2,800,000 for Pike Center @ 316 in Lawrenceville, Georgia.


Brad Cox, (bottom left photo) Company Senior Vice President, financed Pike Center @ 316 through Thomas D. Wood and Company’s correspondent relationship with The Standard Life Insurance Company in the amount of $2,800,000.

The partial-recourse loan has a term of seven years, based on a 21-year amortization and an interest rate of 6.55%.

The loan-to-value is 48%. The 93,992 square-foot industrial complex was built in 1988 and 1996, and is home to major tenant Shorter College and G/R/N Community Services. Pike Center @ 316 is located at 575, 585 and 595 Old Norcross Road, Lawrenceville, Georgia.

For further information, please contact:

Brad Cox (941) 552-9731 bcox@tdwood.com
Jessica Kinnee (407) 937-0470 jkinnee@tdwood.com