SARASOTA, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC Member, secured financing on April 29, 2010, in the amount of $2,500,000 for Oakbrook Plaza in Norcross, Georgia.
Brad Cox (top right photo) , CCIM, CPM, Company Senior Vice President, financed Oakbrook Plaza through Thomas D. Wood and Company’s correspondent relationship with The Standard Life Insurance Company in the amount of $2,500,000.
The full-recourse loan has a term of seven years, based on a 21-year amortization and an interest rate of 6.6%. The loan-to-value is 45%. The 80,581 square-foot office was built in 1985 and is home to major tenants 352 Media Group, Venture Office Suites, and IBT Howard Via, LLC.
Oakbrook Plaza is located at 1770 Indian Trail Lilburn Road, Norcross, Georgia.
For further information, please contact:
Brad Cox, CCIM, CPM (941) 552-9731 bcox@tdwood.com
Jessica Kinnee (407) 937-0470 jkinnee@tdwood.com
No comments:
Post a Comment