MIAMI, FL, May 18, 2010— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $1,550,000 for the Corporate Center of Middleburg in Middleburg Heights, Ohio.
Steve Wood, Company Chief Operating Officer, along with Matthew Fuller of Biscayne Asset Management, secured financing for the Corporate Center of Middleburg through Thomas D. Wood and Company’s correspondent relationship with The Standard Life Insurance Company.
The fixed-rate loan has a term of seven years, with rate resets every seven years, based on a 25-year amortization and an interest rate of 6.90%. The loan-to-value is 50%. The 31,404 square-foot office was built in 1976 and renovated in 1988, and is home to tenant Sanford Brown College. The Corporate Center of Middleburg is located at 17535 Rosbough Drive, Middleburg Heights, Ohio.
For further information, please contact:
Steve Wood (305) 447-7836 swood@tdwood.com
Jessica Kinnee (407) 937-0470 jkinnee@tdwood.com
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