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| Doug Rozzell |
Tampa, FL, Oct. 14, 2014 – The Tampa Office of Thomas D.
Wood Company, a Strategic Alliance Mortgage LLC member, secured $16,743,409 in
commercial mortgage transactions for properties located in Florida, North
Carolina, and South Carolina. Interest
rates continue to stay as low as 4.0%, contributing to the increase in
successful closings.
Company Senior Vice President Doug Rozzell secured
construction financing for Viera Phase III and Phase IV in the amount of
$8,729,959 through Thomas D. Wood and Company’s relationship with a local
bank.
The two retail centers will be
built on 6.67 acres of land in Melbourne, Florida, and will be home to major
tenants PetsMart, Buffalo Wild Wings and Tijuana Flats.
Rozzell obtained financing for University Terrace in the
amount of $3,850,000 through Thomas D. Wood and Company’s relationship with a
regional bank. The permanent loan has a
term of 10 years, based on a 25-year amortization and an interest rate of
4.10%. The 7,426 square-foot retail
center was built in 2008 and is located in Orlando, Florida.
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| Shoppes at Vista Lakes |
Rozzell secured construction financing for Harbison Shoppes
in the amount of $2,759,450. The
construction/mini-permanent loan has a term of two years based on a 25-year
amortization, with the first year interest-only. The 7,400 square-foot retail center is currently being built on
0.51 acres of land in Columbia, South Carolina.
Rozzell obtained financing for the Shoppes at Vista Lakes in
the amount of $900,000. Rozzell refinanced the property, providing the borrower
a fixed-rate fully-amortizing loan with a term of 15 years. The 8,470 square-foot retail property is
located in Orlando, Florida.
Rozzell also secured a bridge loan in the amount of $504,000
for undeveloped commercial land in Asheville, North Carolina.
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
