TD Wood & Co. Brokers Total $3.71M in Loans for 4 Retail Properties

ORLANDO, FL—June 1, 2010— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of 3,710,000 for Smokey Bones, 108 Commerce Street, Dollar General, and Sandscove Court.

Patrick Madore, (top right photo)  Company Vice President, secured $1,400,000 in financing for the Smokey Bones Restaurant on May 6, 2010, through Thomas D. Wood and Company’s relationship with a regional bank.

The full-recourse, fixed-rate loan has a term of five years, based on a 25-year amortization and an interest rate of 7.15%. The loan-to-value is 70%. The 6,686 square-foot single-tenant restaurant was built in 1993, and is located at 21733 State Road 7, Boca Raton, Florida.

Jeff Schnupp, (top left photo) Company Vice President, secured $650,000 in financing for the 108 Commerce Street Office on April 29, 2010, through Thomas D. Wood and Company’s relationship with a local credit union.

The fixed-rate loan has a term of five years, based on a 20-year amortization and an interest rate of 6.50%. The loan-to-value is 45%. The 22,800 square-foot office was built in 1989 and is located at 108 Commerce Street, Lake Mary, Florida.

Joe Dear, (lower right photo) Company Vice President, secured $860,000 in financing for Dollar General on May 20, 2010, through Thomas D. wood and Company’s correspondent relationship with The Standard Life Insurance Company.

The permanent loan has a term of five years, based on a 25-year amortization and an interest rate of 6.25%. The loan-to-value is 66%. The 12,480 square-foot single-tenant retail was built in 2010 and is located at 7025 Highway 231, Panama City, Florida.

John Worrell,  (lower left photo) Company Assistant Vice President, secured $800,000 in financing for Sandscove Court on May 20, 2010, through Thomas D. Wood and Company’s correspondent relationship with Kansas City Life Insurance Company.

The fully-amortizing loan has a term of 20 years and an interest rate of 6.75%. The loan-to-value is 52%. The 23,760 square-foot industrial center was built in 1999 and is located at 7307 Sandscove Court, Winter Park, Florida.

 For further information, please contact:

Patrick Madore (561) 338-9799 pmadore@tdwood.com
Jeff Schnupp (407) 937-0470 jschnupp@tdwood.com
Joe Dear (407) 937-0470 jdear@tdwood.com
John Worrell (407) 937-0470 jworrell@tdwood.com
Jessica Kinnee (407) 937-0470 jkinnee@tdwood.com