ORLANDO, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on April 19, 2010, in the amount of $1,500,000 for the Barcelona Center in Jupiter, Florida.
Jeff Schnupp, (top right photo) Company Vice President, financed the Barcelona Center office building through Thomas D. Wood and Company’s correspondent relationship with Kansas City Life Insurance Company.
The fixed-rate loan has an interest rate of 6.75%, based on a five-year term and a 15-year amortization. The loan-to-value is 45%. The 17,000 square-foot multi-tenant office was built in 2004 and is home to major tenant Siemens. The Barcelona Center is located at 1680 South Central Boulevard, Jupiter, Florida.
For further information, please contact:
Jeff Schnupp (407) 937-0470 jschnupp@tdwood.com
Jessica Kinnee (407) 937-0470 jkinnee@tdwood.com
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