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| Willowood Apartments, 3541 Cardinal Court, Columbus, IN |
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| Meloe Barfield |
Orlando, FL – Oct. 4, 2013 – The Orlando and Fort Lauderdale Offices of Thomas D. Wood
and Company secured $8,010,000 in financing for the Willowood Apartments,
AGPM Office, and Courthouse Executive Center.
Company Vice President Jeff Schnupp structured financing for the
Willowood Apartments in the amount of $2,170,000 through Thomas D. Wood and
Company’s correspondent relationship with The Standard. The fixed-rate loan has a term of 10 years,
based on a 20-year amortization and an interest rate of 5.25%. The loan-to-value is 65%.
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| Jeff Schnupp |
The 109-unit multi-family property was built
in 1983 and 1987, with a partial renovation in 2008-2009, and is located at 3541
Cardinal Court, Columbus, Indiana.
Company Senior Vice President Meloe Barfield secured financing
for AGPM Office in the amount of $390,000 through Thomas D. Wood and Company’s
relationship with a local bank. The
3,700 square foot owner-occupied office was built in 1920 and renovated in
2007. AGPM is located at 117 E.
Amelia Street, Orlando, Florida.
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| Patrick Madore |
Barfield also arranged financing for the Courthouse Executive Center in
the amount of $850,000 through Thomas D. Wood and Company’s relationship with a
local bank. The 13,440 square foot
multi-tenant office was built in 1953 and renovated in 2008. The Courthouse Executive Center is
located at 501 N. Magnolia Avenue, Orlando, Florida.
Company Vice President Patrick Madore secured financing for the Penn
Shoppes at Treasure Coast in the amount of $4,600,000 through Thomas D.
Wood and Company’s correspondent relationship with Genworth Financial.
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| Courthouse Executive Center 501 North Magnolia Avenue, Orlando, FL |
The non-recourse loan has a term of 10 years, based on a
25-year amortization and an interest rate of 4.95%.
The loan-to-value is 71%.
The 29,990 square foot retail center is home to major tenants Panera
Bread, Men’s Warehouse and Mattress Firm, and was built in 2001.
Penn Shoppes at Treasure Coast is located at
2820-2860 NW Federal Highway, Jensen Beach, Florida.
For a complete copy of the company’s news release, please
contact:
JESSICA KINNEE
Director of Marketing & Public Relations
Thomas D. Wood & Co.
(407) 374-0251
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