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| Brad Cox |
Sarasota, FL – The
Sarasota Office of Thomas D. Wood Company, a Strategic Alliance Mortgage LLC
member, secured $13,235,000 in commercial mortgage transactions for properties
throughout the state of Florida.
Interest rates continue to stay as low as 4%, contributing to the
increase in successful closings.
Senior Vice
President Brad Cox, CCIM, obtained financing for two multi-family properties
in Fort Walton Beach, Florida, through Thomas D. Wood and Company’s
correspondent relationship with Symetra Life Insurance Company.
The total loan amount for both properties is
$4,050,000. The borrower wanted to
refinance his current loans, and needed to close on a specific day to satisfy
the terms of the existing first mortgages.
Both permanent fixed-rate loans are full-recourse with a term of 15
years and a 25-year amortization.
Cox also secured
financing from Symetra for Temple Terrace Business Center, a retail and office
property in Temple Terrace, Florida, in the amount of $1,200,000. Cox secured a permanent fixed-rate loan with
a term of 15 years and a 20-year amortization.
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| Temple Terrace Business Center Temple Terrace, FL |
Additional
commercial mortgage transactions include:
Financing for Palm River Business Park, a 22,500 square-foot
industrial property in Tampa, Florida, in the amount of $660,000
Financing for Affordable Secure Self-Storage and Kings
Ransom, a mini-storage facility in Hudson, Florida, in the amount of $1,100,000
Financing for Days Inn and Tiki Bar in Fort Myers, Florida,
in the amount of $1,925,000
Financing for Plymouth and Regal Shopping centers in Fort
Myers, Florida, in the amount of $4,300,000
For a complete copy of the company’s news release, please
contact:
BRADFORD COX, CCIM,
CPM JESSICA KINNEE
Sr. Vice
President Director
of Marketing & Public Relations
Thomas D. Wood & Co. Thomas D. Wood & Co.
Thomas D. Wood & Co. Thomas D. Wood & Co.
(941)
552-9731
(407) 374-0251
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