SARASOTA, FL, June 30, 2010— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $2,070,000 for the Buffalo Wild Wings in Brandon, Florida.
Brad Cox, (top right photo) CCIM, CPM, Company Vice President, secured financing for the Buffalo Wild Wings through Thomas D. Wood and Company’s relationship with a national bank.
The borrower is a Buffalo Wild Wings franchisee who was leasing the space from the former building owner, and was given the opportunity to purchase the property through a SBA-504 Program.
The full-recourse loan has an interest rate of 6.25%, based on a 20-year term and 25-year amortization. The loan-to-value is 90%. The 6,400 square-foot single-tenant restaurant was built in 2004 and is located at 2055 Badlands Drive, Brandon, Florida.
For further information, please contact:
Brad Cox, CCIM, CPM (941) 552-9731 bcox@tdwood.com
Jessica Kinnee (407) 937-0470 jkinnee@tdwood.com
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