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| Steve Wood |
Miami, FL – The Miami Office of Thomas D. Wood Company,
a Strategic Alliance Mortgage LLC member, secured $17,195,807 in commercial mortgage
transactions for properties throughout the state of Florida. Interest rates continue to stay as low as
4.0%, contributing to the increase in successful closings.
Company Chief Operating
Officer Steve Wood obtained financing
in the amount of $2,600,000 for the San Pablo Family Center through Thomas D.
Wood and Company’s correspondent relationship with The Standard. The permanent non-recourse loan has a term
of 25 years, with an interest rate reset at years 10 and 20, based on a 25-year
amortization. The 47,455 square-foot
retail center was built in 1988 and is located in Jacksonville, Florida.
Wood also secured
financing through The Standard in the amount of $1,100,000 for EM Shopping
Center. The permanent full-recourse
loan has a term of 25 years, with an interest rate reset at years 10 and 20,
based on a 25-year amortization. The
10,234 square-foot retail center is located in Hialeah, Florida.
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| Patrick Harrington |
Company Senior Vice
President Patrick Harrington secured
financing in the amount of $5,800,000 for the Sarno Business Center in
Melbourne, Florida. The fixed-rate
non-recourse loan has a term of 10 years, based on a 25-year amortization. The 140,027 square-foot retail and office
building is home to major tenants Brevard Health Alliance and American Title.
Company Vice President Michael
Kramer obtained financing in the amount of
$1,500,000 for Ventura Properties through Symetra Life Insurance Company. Kramer refinanced the three multi-family
properties, providing the borrower a fixed-rate fully-amortizing loan with a
term of 15 years. Ventura Properties
are located in Miami Beach, Florida.
Additional commercial
mortgage transactions done by Wood include:
The refinancing for Lucien Green Office, an office building located in
Maitland, Florida, in the amount of $1,778,414, and the refinancing for
Kissimmee Value Outlet Shoppes, which is located in Kissimmee, Florida, in the
amount of $4,417,393.
For
a complete copy of the company’s news release, please contact:
Jessica Kinnee
Director of Marketing & PR
Thomas D. Wood & Co.
(407) 374-0251
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