MIAMI, FL, June 22, 2010— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $3,600,000 for Pembroke Place North Plaza in Pembroke Pines, Florida.
Ben Jimenez, (top right photo) Company Assistant Vice President, secured financing for Pembroke Place North Plaza through Thomas D. Wood and Company’s correspondent relationship with The Standard Life Insurance Company.
The fully-amortizing permanent loan has a term of 25 years and an interest rate of 6.25%, fixed for the first five years.
The loan-to-value is 55%. The 51,061 square-foot retail center was built in 1987 and is home to major tenants Planet Fitness, Pets are People Too and Burger King. Pembroke Place North Plaza is located at 8913-9091 Taft Street, Pembroke Pines, Florida.
For further information, please contact:
Ben Jimenez (305) 447-7830 bjimenez@tdwood.com
Jessica Kinnee (407) 937-0470 jkinnee@tdwood.com
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