 |
| Brad Cox |
Sarasota, FL – The Sarasota Office of Thomas D. Wood
Company, a Strategic Alliance Mortgage LLC member, secured $6,830,000 in
commercial mortgage transactions for properties located in Florida and
Georgia. Interest rates continue to stay
as low as 4.0%, contributing to the increase in successful closings.
Company Senior Vice President Brad Cox, CCIM, secured
financing for the Palm Terrace Professional Plaza in the amount of $2,050,000
through Thomas D. Wood and Company’s correspondent relationship with The
Standard Life Insurance Company.
The fully-amortizing loan has a term of 25 years, with
interest rate resets at years five, 10, 15 and 20. The 28,423 square-foot office building is located in Fort Myers,
Florida.
Cox secured financing for the Neff Rental Building in the
amount of $775,000 through The Standard.
The fully-amortizing full-recourse loan has a term of 20 years. The 7,920 square-foot mixed-use
(showroom-office-warehouse) building is located in Tallahassee, Florida.
Cox obtained financing for Silver Springs Commons in the
amount of $1,750,000 through Thomas D. Wood and Company’s correspondent
relationship with Ohio National Life Insurance Company. The fully-amortizing recourse loan has a
term of 15 years. The 14,698
square-foot retail plaza is home to major tenants Submway, Payless Shoe Source
and Hair Cuttery, and is located in Ocala, Florida.
Cox secured financing for Oakwood Plaza in the amount of
$680,000 through Thomas D. Wood and Company’s correspondent relationship with
Symetra Life Insurance Company. The
fully-amortizing full-recourse loan has a term of 20 years. The 15,200 square-foot retail building is
located in Flowery Branch, Georgia.
The Sarasota office also secured financing for Sun City Inn,
a hotel located in Sun City, Florida, in the amount of $1,575,000.
For a complete copy of the company’s news release, please
contact:
Jessica Kinnee
Sr. Vice President
Director of Marketing & Public Relations
Thomas D. Wood & Co.
(407) 374-0251
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