Sunday, April 12, 2015

Thomas D. Wood and Company’s Orlando Office Secures $2,650,000 in Commercial Mortgage Transactions


Jeff Schnupp
Orlando, FL – Thomas D. Wood and Company Vice President Jeff Schnupp financed $2,650,000 in commercial loans in Central Florida.

Schnupp secured financing for the Shops at Dupont Lakes in the amount of $1,350,000 through Thomas D. Wood and Company’s correspondent relationship with Symetra Life Insurance Company. 

  The borrower built the Dollar Tree property for cash; once he leased the final space to Leslie’s Poolsmart, he wanted to refinance the property to pull out as much equity as possible to purchase land and develop for another tenant.  

Schnupp provided the borrower with a 15-year fully-amortizing fixed-rate loan.  The 12,000 square-foot multi-tenant retail center is located in Deltona, Florida.

Schnupp also secured financing for the Fountainview, a 10,000 square-foot retail/office development, through Thomas D. Wood and Company’s correspondent relationship with The Standard.  The borrower’s construction loan with a private lender was maturing, and they wanted to refinance into a long-term fixed-rate loan with a 25-year amortization.  Fountainview is located in Lake Mary, Florida.

For a complete copy of the company’s news release, please contact:

JEFF SCHNUPP                    JESSICA KINNEE    
Vice President                         Director of Marketing & Public Relations
Thomas D. Wood & Co.         Thomas D. Wood & Co.        
(407) 374-0254                       (407) 374-0251                      

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