Showing posts with label Thomas D. Wood and Co.. Show all posts
Showing posts with label Thomas D. Wood and Co.. Show all posts

Thursday, February 19, 2009

Thomas D. Wood Brokers $4.48M Loan for Social Security building site

ORLANDO, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on January 20, 2009, in the amount of $4,475,773 for the acquisition and development of the Social Security Administration office building in Melbourne, Florida.

Doug Rozzell, (top right photo) Company Principal, financed the Melbourne Social Security Administration building through Thomas D. Wood and Company’s relationship with a regional bank.

The loan has an interest rate of LIBOR + 350 basis points, with a floor of 6%. The interest-only loan has a term of 18 months. The loan-to-value is 80% and loan-to-cost is 90%. The 21,284 square-foot Social Security Administration office will be built on two acres at 1650 W. Nasa Boulevard, Melbourne, Florida


For further information, please contact:
Doug Rozzell (407) 937-0470 drozzell@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
http://www.tdwood.com/.

Tuesday, February 17, 2009

David Auerbach Re-Joins Thomas D. Wood & Co.


MIAMI, FL— David Auerbach re-joined Thomas D. Wood & Company in February of 2009 as Vice President, and specializes in originating and structuring commercial real estate debt and equity financing nationwide for all property types.

Prior to joining Thomas D. Wood & Company, Mr. Auerbach was responsible for opening and expanding Deutsche Bank Mortgage Capital’s Miami office as Director.

(Deutsche Bank headquarters building, Frankfurt, Germany, bottom left photo)

During his tenure at Deutsche Bank between 2007 and 2009, Mr. Auerbach was involved in the placement of fixed and floating rate non-recourse debt and equity investments for institutional investors and assets.

Prior to that, Mr. Auerbach worked as a Vice President for Wachovia Securities in Fort Lauderdale, FL, where he participated in the origination and closing of over $3 Billion in fixed rate CMBS, floating rate CMBS, bridge, mezzanine, equity and agency debt between 2002 and 2007.

Prior to joining Wachovia Securities, Auerbach started his real estate finance career in 1999 as a real estate analyst for Thomas D. Wood & Company, and through 2002 he performed loan underwriting for senior loan originators, prepared appraisals and asset summaries for loan committee, and coordinated the closing process for acquisitions and refinances.

Mr. Auerbach is a graduate of Florida International University with a Bachelor of Science in Business Administration, and a graduate of University of Miami with a Master of Business Administration, Management.

For further information, please contact:
David Auerbach (305) 447-7833 dauerbach@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com

Wednesday, February 4, 2009

ORLANDO, FL—Feb. 4, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $2,125,000 for Kirkman Family Dollar and Westgate Mobile Home Manor.(top right photo).

John Worrell
, Company Assistant Vice President, financed Kirkman Family Dollar through Thomas D. Wood and Company’s relationship with a regional bank in the amount of $1,300,000.

The construction/permanent loan has a five-year term, based on a 25-year amortization, with 16 months interest-only during the construction period.

The interest rate is 7% during construction and 7.5% for the permanent loan. Loan-to-value is 65% and loan-to-cost is 55%. The 9,180 square-foot single-tenant retail building will be built on 1.6 acres on the west side of South Kirkman Road, just north of Old Winter Garden Road in Orlando, Florida.

Jeff Schnupp, Company Vice President, financed Westgate Mobile Home Manor through Thomas D. Wood and Company’s relationship with a community bank in the amount of $825,000.

The loan has a three-year term, based on a 25-year amortization and an interest rate of 7%. The loan-to-value is 75%. The mobile home park was built in 1984, and sits on 3.46 acres at 7499 1/2 46th Street, St. Petersburg, Florida.

For further information, please contact:
John Worrell, (407) 937-0470, jworrell@tdwood.com
Jeff Schnupp, (407) 937-0470. jschnupp@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com

Sunday, January 25, 2009

LAKEWOOD RANCH, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $1,650,000 for the CVS Pharmacy in Weatherford, Texas.

Brad Cox, (top right photo) CCIM, CPM, Company Vice President, financed the loan through Thomas D. Wood and Company’s correspondent relationship with StanCorp Mortgage Investors at a permanent fixed-rate of 7.25%.

The fully-amortizing loan has a term of 20 years and a loan-to-value of 52%. The 13,208 square-foot single-tenant retail store was built in 1998, and is located at 407 S. Main Street, Weatherford, Texas.

For further information, please contact:
Brad Cox, CCIM, CPM, (941) 907-8112, bcox@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com

Wednesday, January 21, 2009

Tampa, FL Student Housing Project Gets $15M Loan

ORLANDO, FL-- Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $15,335,000 for Casa del Toro Student Housing (top right photo) in Tampa, Florida.

Doug Rozzell, (bottom left photo) Company Principal, along with David Repka of Bison Financial Group, financed Casa del Toro Student Housing through Thomas D. Wood and Company’s relationship with a regional bank.

This construction loan consists of two parts: a $3,000,000 revolving loan, at a rate of LIBOR + 300 basis points interest-only, and a $12,335,000 non-revolving term facility with a rate of 6% and 25-year amortization on each building as it is stabilized.
The loan-to-value is 75% and loan-to-cost is 80%. Casa del Toro Student Housing will be built on 6.92 acres on North 58th Street, Tampa, Florida.

For further information, please contact:
Doug Rozzell (407) 937-0470 drozzell@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com

Monday, January 19, 2009

Waterford Commons Retail Center in Fort Lauderdale, FL Gets $4M Loan

FORT LAUDERDALE, FL—Jan. 19, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $4,050,000 for Waterford Commons Retail Center.

Patrick Madore, (top right photo) Company Vice President, financed the loan through Thomas D. Wood and Company’s relationship with a local bank at a permanent fixed-rate of 6.60%.

The loan has a 10-year term, with a five-year rate review, based on a 30-year amortization and a loan-to-value of 70%. The 33,000 square-foot unanchored retail center was built in 2007 and is located at 450 Samarian Boulevard, Orlando, Florida.

For further information, please contact:
Patrick Madore (954) 233-6024 pmadore@tdwood.com

Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com

Saturday, January 17, 2009

Thomas D. Wood & Co. Brokers $3.2M Mobile Home Park Loan

TAMPA, FL-- Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $3,200,000 for Kingswood Mobile Home Park.(top right photo)

The Tampa Office of Thomas D. Wood and Company financed the loan through the Company’s correspondent relationship with Southern Farm Bureau Life Insurance Company at a permanent fixed-rate of 6.10%.

The loan has a seven-year term, based on a 25-year amortization and a loan-to-value of 35%. The 52-acre mobile home park is located at 10109 Oak Forest Drive, Riverview, Florida.


For further information, please contact:
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
http://www.tdwood.com/










Saturday, December 13, 2008

Thomas D. Wood & Co. Brokers $3M Borders Book Shop Loan in Miami

MIAMI, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $3,000,000 for Borders Book Shop (top right photo) in Miami, Florida.

Steve Wood, Company Chief Operating Officer, financed the loan through Minnesota Life Insurance Company, one of Thomas D. Wood and Company’s correspondent life insurance companies, at a permanent fixed-rate of 6.55%.

The fully-amortizing loan has a term of 15 years and a 28% loan-to-value. The 17,850 square-foot free-standing retail store was built in 1993 and is located at 9205 South Dixie Highway, Miami, Florida.

For further information, please contact:
Steve Wood, (305) 447-7820, swood@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com

Wednesday, November 26, 2008

Thomas D. Wood Brokers $2.4M Loan for Palm Bay Studios in Miami

MIAMI, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $2,400,000 for Palm Bay Studios (site map, top right) in Miami, Florida.

Stephen Wechsler, (bottom left photo) Company Vice President, financed the loan through Thomas D. Wood and Company’s relationship with a community banking institution at a permanent fixed-rate of 6.25%.

The loan term is five years, based on a 25-year amortization, and a loan-to-value of 35%. The 92,200 square-foot industrial building was built in 1946 and is located at 395 NE 59th Street, Miami, Florida.

For further information, please contact:

Stephen Wechsler, (305) 447-7874, swechsler@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com

Saturday, November 22, 2008

Thomas D. Wood & Co. Closes $4M Loan on Miami Area Industrial Park

MIAMI, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $4,000,000 for Medley Industrial (top right photo) in Miami, Florida.

William Kaler, Company Assistant Vice President, financed the loan through Aviva Capital Management, one of Thomas D. Wood and Company’s correspondent life insurance companies, at a permanent fixed-rate of 6.44%.

The loan term is 10 years, based on a 25-year amortization, and a loan-to-value of 70%. The 118,000 square-foot multi-tenant industrial building was built in 1970 and is located at 7650 NW 69th Avenue, Miami, Florida.


For further information, please contact:
William Kaler, (305) 447-7820, wkaler@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com

Saturday, November 8, 2008

Thomas D. Wood & Co. Closes 2 Loan Deals for $3.8M

United Commercial Investments Office Building Obtains $1.9M Loan

ORLANDO, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $1,905,000 for YBOR Mixed-Use and United Commercial Investments Office Building.


Jeff Schnupp, (top right photo) Company Vice President, financed $1,575,000 for YBOR Mixed-Use through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent life insurance lenders, at a permanent fixed-rate of 6.50%.

The loan term is five years, based on a 25-year amortization, and a loan-to-value of 72%. The 10,221 square-foot mixed-use project was built in 1904, and is located at 1603 1/2 E. 7th Avenue, Tampa, Florida.

John Worrell, (top left photo) Company Assistant Vice President, secured financing in the amount of $330,000 for United Commercial Investments Office Building.

Worrell financed the loan through Thomas D. Wood and Company’s relationship with a regional bank at a permanent fixed-rate of Prime + 2.5%.

The loan term is three years, based on a 25-year amortization, and a loan-to-value of 75%. The 2,640 square-foot office building is home to tenants Pro Kitchens and Top Docs, and is located at 80 Spring Vista Drive, DeBary, Florida.

For further information, please contact:
Jeff Schnupp (407) 937-0470 jschnupp@tdwood.com
John Worrell (407) 937-0470 jworrell@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com

Windsor Tower Apartments in Ocala, FL Gets $1.9M Loan

ORLANDO, FL-— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $1,900,000 for the Windsor Tower Apartments (site map middle right) in Ocala, Florida.

Jeff Schnupp, Company Vice President, financed the loan through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent life insurance companies, at a permanent fixed-rate of 6.75%.

The loan term is five years, based on a 25-year amortization, and a loan-to-value of 55%. The 64-unit multi-family complex was built in 1974. Windsor Tower Apartments is located at 3902 E. Silver Springs Blvd., Ocala, Florida.

For further information, please contact:
Jeff Schnupp (407) 937-0470 jschnupp@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com

Friday, October 31, 2008

Thomas D. Wood & Co. Brokers $7.5M on Three Loans

Midtown Professional Center, Tampa, Gets $2.3M Loan

MIAMI, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $2,300,000 for the Midtown Professional Center (top right photo) in Tampa, Florida.

Alan R. Cohen, (top left photo) Company Vice President, financed the loan through a regional community bank at a rate of 5.95%. The loan term is three years, based on a 25-year amortization, and a loan-to-value of 63%.

The 21,382 square-foot medical office is home to major tenant Amsurg Tampa, and was built in 1967. Midtown Professional Center is located at 4809 N. Armenia Avenue, Tampa, Florida.

For further information, please contact:
Alan R. Cohen (305) 447-7820 acohen@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com

Tatiana's Apartments and Cypress Gardens RV Park Receive Separate Loans Totaling $1.66M

ORLANDO, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $1,666,500 for Tatiana’s Apartments and Cypress Gardens RV Park. (middle right photo)

Jeff Schnupp (middle left photo), Company Vice President, financed Tatiana’s Apartments through a national lender at an interest rate of 6.57%.

The loan term is 10 years, based on a 30-year amortization, and a loan-to-value of 58%. The 16-unit multifamily complex was built in 1979 and renovated in 2007.

Tatiana’s Apartments are located at 6216 and 6224 Washington Street, Hollywood, Florida.

John Worrell, (middle right photo) Company Assistant Vice President, secured financing for the Cypress Gardens RV Park through a regional bank at an interest rate of Prime + 2.3%.

The loan term is five years, based on a 15-year amortization, and a loan-to-value of 75%. The 191-campsite RV park is located on 18.7 acres at 7400 Cypress Gardens Boulevard, Winter Haven, Florida.

For further information, please contact:
Jeff Schnupp (407) 937-0470 jschnupp@tdwood.com
John Worrell (407) 937-0470 jworrell@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com

Quail Park at El Dorado Hills, CA Wins $3.5M Loan

MIAMI, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $3,500,000 for Quail Park at El Dorado Hills, (bottom right photo) an office complex in El Dorado Hills, California.

Steven Hayes Wood, (bottom left photo) Company Chief Operation Officer, financed the loan through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent life insurance lenders, at a rate of 6.50%.

The loan term is five years, and can be reset every five years, based on a 25-year amortization and a loan-to-value of 71.28%. The 16,800 square-foot office complex is comprised of two one-story multi-tenant buildings, and was built in 2005. Quail Park at El Dorado Hills is located at 1190 and 1192 Suncast Lane, El Dorado Hills, California.

For further information, please contact:
Steven Hayes Wood (305) 447-7820 swood@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com

Monday, October 27, 2008

Thomas D. Wood & Co. Brokers $4M in Two Loans

Miami Retail-Warehouse Building Gets $1.04M Loan
MIAMI, FL—Oct. 27, 2008— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $1,040,000 for the 1741 Building in Miami, Florida.

Ben Jimenez, (top right photo) Company Assistant Vice President, financed the loan through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent lenders, at a rate of 6.875%.

The fully-amortizing loan has a term of 15 years and a loan-to-value of 60%. The 11,880 square-foot retail/warehouse building is owner-occupied by India Clothier, and was built in 1965. The 1741 Building is located at 1741 NW 20th Street, Miami, Florida.

For further information, please contact:
Ben Jimenez (305) 447-7820 bjimenez@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
http://www.tdwood.com/

Handy Storage and Discount Mini-Storage, Pembroke Pines, Receives $5.8M Loan

LAKEWOOD RANCH, FL—Oct. 27, 2008— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $5,800,000 for Handy Storage and Discount Mini-Storage.

Both properties were financed through Thomas D. Wood and Company’s correspondent relationship with StanCorp Mortgage Investors.

Brad Cox, (bottom left photo) Company Vice President, secured financing for Handy Storage in the amount of $3,000,000 and a rate of 6.375%.

The loan term is 20 years, based on a 25-year amortization, with a loan-to-value of 36%. The 90,886 square-foot self-storage facility was built in 1996 and is located at 350 S. University Drive, Pembroke Pines, Florida.

Cox arranged financing for Discount Mini-Storage in the amount of $2,800,000 and a rate of 6.7%.
The loan term is 20 years, based on a 25-year amortization, with a loan-to-value of 70%.
The 55,782 square-foot self-storage facility was built in 1986 and 1999, and is located at 5002 S. Manhattan Avenue, Tampa, Florida. (bottom right site map)

For further information, please contact:
Brad Cox (941) 907-8112 bcox@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com

Friday, October 10, 2008

Social Security Administration Office in St. Augustine, FL Gets $1.8M Construction Loan

ORLANDO, FL— Doug Rozzell, (top right photo) Principal for Thomas D. Wood and Company, secured financing in the amount of $1,800,000 for the construction of the Social Security Administration office in St. Augustine, Florida.

The loan was financed through Thomas D. Wood and Company’s relationship with a regional bank at a rate of 250 basis points + 30-day LIBOR. The 18-month interest-only construction loan has a loan-to-value of 60%, and a loan-to-cost of 90%.


The 7,306 square-foot Social Security Administration office will be built on 1.46 acres of land located at 2440 Old Moultrie Road, St. Augustine, Florida.
For further information, please contact:
Doug Rozzell, (407) 937-0470, drozzell@tdwood.com or
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com

Tuesday, October 7, 2008

Thomas D. Wood & Co. Brokers $8.35M in Two Loans in Florida and North Carolina


Forest Ridge Shopping Center in Asheville, NC Gets $7.2M Loan


Miami, FL-- Marshall Smith, (top left photo)Executive Vice President for Thomas D. Wood and Company, secured financing in the amount of $7,200,000 for the Forest Ridge Shopping Center in Asheville, North Carolina.

The loan was financed through one of Thomas D. Wood and Company’s correspondent life insurance companies at a permanent fixed-rate of 6.25%.

The fully-amortizing loan has a 15-year term and amortization, and a loan-to-value of 42%. The Wal-Mart-anchored shopping center is currently 164,672 square feet, and Wal-Mart plans to add a grocery component to their existing store by expanding their space by 40,000 square feet.

Forest Ridge Shopping Center is also home to major tenants Radio Shack and Subway, and is located at 1636 Hendersonville Road, Asheville, North Carolina.

For further information, please contact: Marshall Smith (305) 447-7820 msmith@tdwood.com or Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com

Tampa Applebee's and Brookwood Academy Financed

Orlando, FL— Jeff Schnupp, (bottom right photo) Vice President for Thomas D. Wood and Company, secured financing in the amount of $1,150,000 for Applebee’s Restaurant and Brookwood Academy.

Schnupp secured financing in the amount of $600,000 for Applebee’s Restaurant in Tampa, Florida.

Schnupp financed the loan through Thomas D. Wood and Company’s relationship with a national lender, at a permanent fixed-rate of 6.75%.

The loan term is 10 years, based on a 20-year amortization, and a loan-to-value of 23%. The 5,354 square-foot restaurant was built in 1999 and is located at 10606 Sheldon Road, Tampa, Florida.

Schnupp arranged financing in the amount of $550,000 for Brookwood Academy in Tampa, Florida. Schnupp financed the loan through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent lenders, at a permanent fixed-rate of 6.50%.

The loan term is five years, based on a 25-year amortization, and a loan-to-value of 41%. The 8,200 square-foot children’s learning center was built in 1995 and is located at 3820 Coconut Palm Drive, Tampa, Florida.

For further information, please contact: Jeff Schnupp (407) 937-0470 jschnupp@tdwood.com
or Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com

Monday, September 22, 2008

Patrick Madore Named VP and Manager of Thomas D. Wood's New Fort Lauderdale, FL Office


FORT LAUDERDALE, FL—Sept. 22, 2008—Thomas D. Wood and Company is pleased to announce their new Vice President, Patrick Madore, (top right photo) and the opening of their Ft. Lauderdale office.

Mr. Madore joined Thomas D. Wood and Company in 2008 as Vice President and Manager of the Ft. Lauderdale Office. Patrick is responsible for the capital market needs of his clients including bridge, mezzanine, equity and debt placement.

With his intense knowledge and close relationships with key capital sources, he can customize your mortgage – from a fast track closing to a highly structured transaction – quickly, seamlessly, and transparently.
Prior to joining Thomas D. Wood, Mr. Madore was Vice President of commercial loan production for Key Bank Real Estate Capital, where he was responsible for structuring commercial loans through KeyBank’s CMBS, Fannie Mae, Freddie Mac, HUD, Life Company, and Mezzanine loan programs.

Prior to that, Patrick was Director of acquisitions for Milestone Properties and a Principle at MPI Equities a real estate investment firm specializing in sale lease back transactions.

Mr. Madore has financed in excess of $1 billion in commercial real estate loans. Patrick is a licensed Florida Mortgage Broker, and a active member of the International Council of Shopping Centers (ICSC), NAIOP, NMHC and the South Florida and Orlando Apartment Associations. He attended Daytona College and Florida International University with a concentration on finance and marketing.

CONTACTS:

Patrick Madore, (954) 233-6024, pmadore@tdwood.com

Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com

Wednesday, September 17, 2008

Thomas D. Wood & Co. Brokers Two Loans Totaling $3.4M

ORLANDO, FL— John Worrell, Assistant Vice President for Thomas D. Wood and Company, secured financing in the amount of $3,400,000 for two Mr. Gatti’s Pizza Restaurants and Interstate Industrial.

Both properties were financed through Thomas D. Wood and Company’s correspondent relationship with StanCorp Mortgage Investors.

Worrell secured financing for Mr. Gatti’s Pizza in the amount of $2,500,000 and a rate of 7%. The loan term is 10 years, based on a 25-year amortization, with a loan-to-value of 70%.



Both restaurants are 25,000 square-feet and built in 1995, and are located at 4349 Sherwood Way, San Angelo, Texas and 614 W. Wadley, Midland, Texas.


Worrell arranged financing in the amount of $900,000 for Interstate Industrial at a rate of 6.625%. The loan term is seven years, based on a 25-year amortization, with a loan-to-value of 67%.



The 22,278 square-foot industrial building was built in 1992, and is home to major tenant Critical Response Networks. Interstate Industrial is located at 2130 Interstate Drive, Lakeland, Florida.

For further information, please contact:
John Worrell (407) 937-0470, jworrell@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com

Wednesday, September 10, 2008

Thomas D. Wood Brokers Nearly $5M in Two New Loans

MIAMI, FL— Thomas D. Wood, Jr., (bottom left photo) President of Thomas D. Wood and Company, secured financing in the amount of $1,650,000 for the ALPHA Office Building (top right photo) in College Park, Georgia.

The loan was financed through Skymar Capital, one of Thomas D. Wood and Company’s correspondent lenders, at a permanent fixed-rate of 6.25%.

The loan term is seven years, based on a 25-year amortization, and a loan-to-value of 47%.

The 27,416 square-foot office building was built in 1990, and is home to major tenants AFL-CIO, Logis Tech, and PSA Healthcare. ALPHA Office Building is located at 2314 Sullivan Road, College Park, Georgia.

For further information, please contact:
Thomas D. Wood, Jr., (305) 447-7820, tomjr@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com

Gainesville, FL Mini-Storage Receives $2.8M Loan

LAKEWOOD RANCH, FL—September 10, 2008— Brad Cox, (bottom right photo) Vice President for Thomas D. Wood and Company, secured financing in the amount of $2,800,000 for Gainesville Mini-Storage (bottom left photo) in Gainesville, Florida.

The loan was financed through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent lenders, at a permanent fixed-rate of 6.7%.

The loan term is five years with three five-year options, based on a 25-year amortization, and a loan-to-value of 70%. The 54,708 square-foot self-storage facility was built in 1989 and is located at 4430 SW 34th Street, Gainesville, Florida.

For further information, please contact:
Brad Cox (941) 907-8112 bcox@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com



Saturday, August 30, 2008

CVS Pharmacy in Pensacola, FL Gets $1.675M Loan

ORLANDO, FL— Daniel Byrnes, Assistant Vice President for Thomas D. Wood and Company, secured financing in the amount of $1,675,000 for the CVS Pharmacy in Pensacola, Florida.

The loan was financed through Summit Investment Partners, one of Thomas D. Wood and Company’s correspondent lenders, at a permanent fixed-rate of 6.49%. The loan term is 10 years, based on a 19-year amortization, and a loan-to-value of 57.5%. The 10,908 square-foot retail store was built in 1997 and is located at 5301 North Palafox Highway, Pensacola, Florida.

CONTACTS:
Daniel Byrnes (407) 937-0470, dbyrnes@tdwood.com
Jessica Gurtowski (407) 937-0470, jgurtowski@tdwood.com

Thursday, August 28, 2008

Thomas D. Wood & Co. Brokers $7.5M Loan for Hotel-Restaurant at North Bay Village, FL

MIAMI, FL— Stephen Wechsler, (top right photo) Vice President for Thomas D. Wood and Company, secured financing in the amount of $7,500,000 for the Inn on North Bay, a Best Western Hotel and Shuckers Restaurant in North Bay Village, Florida.

The loan was financed through Thomas D. Wood and Company’s relationship with a local banking institution at a permanent fixed rate of 6.0%. The loan term is five years based on a 25-year amortization, and a loan-to-value of 38%.

The borrower refinanced the Inn on North Bay to renovate the 119-room hotel and attached restaurant. Inn on North Bay was built in 1967 and is located at 1819 79th Street Causeway, North Bay Village, Florida.

CONTACTS:
Stephen Wechsler (305) 447-7874 swechsler@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com