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| Steven H. Wood |
MIAMI, FL -- Thomas D. Wood
and Company, a Strategic Alliance Mortgage, LLC. member, secured financing in
the amount of $19,450,000. $5,000,000 Lake Point Business Park in Orlando,
Florida, $5,350,000 for West Boca Place Shopping Center in Boca Raton, Florida,
$5,500,000 for Regent Propertiesin Tampa, Florida and $3,600,000 for
Hendersonville Walgreens in Hendersonville, North Carolina.
Steven H. Wood, Chief Operating Officer, secured financing for the Lake
Point Business Park in the amount of $5,000,000 through Thomas D. Wood and
Company's correspondent relationship with Symetra Financial. The non-recourse
loan has a term of 8 years with a 25 year amortization, based on an interest
rate of 5.125% and a loan-to-value of 47%. The borrower was looking for
long-term fixed rate financing on a non-recourse basis. The 134,081 square-foot flex office
warehouse building was built in 1985 and can be found at 6200-6360 Hazeltine
National Drive, Orlando, Florida 32822.
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| Brad Cox |
Brad Cox, CCIM, CPM, Vice President, secured financing for West
Boca Place Shopping Center in the amount of $5,350,000 through Thomas D.
Wood and Company's correspondent relationship with Advantus Capital Management
LLC. The non-recourse loan has a term of 15 years with a 25 year amortization,
based on an interest rate of 5.2% and a loan-to-value of 42%. The 58,174
square-foot mixed use retail and office building was built in 1983 and was
remodeled in 2002. West Boca Place Shopping center can be found at 8165, 8175,
8177 Glades Road, Boca Raton, Florida 33434.
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| Marshall Smith |
Marshall Smith, Executive Vice President, secured financing for Regent
Properties in the amount of $5,500,000 through Thomas D. Wood and Company's
correspondent relationship with Advantus Capital Management LLC. The fixed rate
loan has a term of 10 years with a 25 year amortization, based on an interest
rate of 5% and a loan-to-value of 65%. The borrower was looking for long-term
fixed rate financing while the interest rates were low. The 198,000 square-foot industrial buildings
can be found at 4400 118th Avenue North, 12415 73rd Court North and 12941
Memorial Highway, Tampa, Florida 33635.
Smith also secured financing for Hendersonville Walgreens
in Hendersonville, NC in the amount of
$3,600,000 through Thomas D. Wood and Company's correspondent relationship with
Advantus Capital Management LLC. The fixed rate loan has a term of 22 years
with a 22 year amortization, based on an interest rate of 5% and a
loan-to-value of 72%. The borrower wanted to pull out cash equity on a fixed
rate loan. The 15,004 square-foot
retail building was built in 2007 and is located at 1148 Asheville Highway,
Hendersonville, North Carolina 28791
For further information, please contact:
Ashlee E. Wood
Director of Marketing and Public Relations
(305) 776-3949
.
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