Pembroke Place North Plaza in Pembroke Pines, FL Gets $3.6M Loan

MIAMI, FL, June 22, 2010— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $3,600,000 for Pembroke Place North Plaza in Pembroke Pines, Florida.


Ben Jimenez, (top right photo) Company Assistant Vice President, secured financing for Pembroke Place North Plaza through Thomas D. Wood and Company’s correspondent relationship with The Standard Life Insurance Company.

The fully-amortizing permanent loan has a term of 25 years and an interest rate of 6.25%, fixed for the first five years.

The loan-to-value is 55%. The 51,061 square-foot retail center was built in 1987 and is home to major tenants Planet Fitness, Pets are People Too and Burger King. Pembroke Place North Plaza is located at 8913-9091 Taft Street, Pembroke Pines, Florida.

For further information, please contact:
Ben Jimenez (305) 447-7830 bjimenez@tdwood.com
Jessica Kinnee (407) 937-0470 jkinnee@tdwood.com

2 Las Vegas Buildings Get Total $7M Loan

MIAMI, FL, May 11, 2010— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $7,000,000 for Copper Pointe and Quail Park I Office Buildings in Las Vegas, Nevada.


Steve Wood,  (top right photo) Company Chief Operating Officer, along with Tony Castrignano of Sky Mesa Capital, financed Copper Pointe through Thomas D. Wood and Company’s correspondent relationship with The Standard Life Insurance Company in the amount of $2,600,000.

The fixed-rate loan has a term of five years, with rate resets every five years, based on a 25-year amortization and an interest rate of 6.25%. The loan-to-value is 65%. The 34,685 square-foot office was built in 1988 and is home to major tenant Hand Surgery Specialist of Nevada. Copper Pointe is located at 4530-4570 S. Eastern Avenue, Las Vegas, Nevada.

Together they also secured financing for Quail Park I through Thomas D. Wood and Company’s correspondent relationship with Symetra Life Insurance Company in the amount of $5,450,000.

The fixed-rate loan has a term of 10 years, based on a 25-year amortization and an interest rate of 6.90%.

The loan-to-value is 61%. The 73,444 square-foot office was built in 1980 and is home to major tenants Plaster Development Company and Global Industries. Quail Park I is located at 801 S. Rancho Drive, Las Vegas, Nevada.

For further information, please contact:
Steve Wood (305) 447-7836 swood@tdwood.com
Jessica Kinnee (407) 937-0470 jkinnee@tdwood.com

Javier Socorro Promoted to Assistant Vice President at TD Wood & Co.

MIAMI, FL— Javier Socorro was promoted to Assistant Vice President of Thomas D. Wood and Company on April 19, 2010. As Assistant Vice President, Javier is responsible for the underwriting and origination of commercial real estate loans using a variety of lending sources including Life Insurance Companies, Banks, Credit Unions, private money and large institutional sources.


Javier joined our team in June 2006 as a mortgage analyst, where he assisted in the underwriting, market research and financial analysis process. Prior to joining Thomas D. Wood and Company, he served as an assistant to the Project Manager at Terra Group in Miami, Florida.

Javier is a graduate of Duke University, where he earned his Bachelor’s degree in Economics and History, and was a four-year starter on the baseball team.

Javier’s experience in loan underwriting and origination make him well suited for his new role as Assistant Vice President of Thomas D. Wood and Company—Miami, possessing the depth and expertise to provide seamless transactions.

For further information, please contact:
Javier Socorro (305) 447-4855 jsocorro@tdwood.com
Jessica Kinnee (407) 937-0470 jkinnee@tdwood.com