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

Tuesday, August 4, 2009

Thomas D. Wood Brokers $10.25M Loan for Fort Lauderdale, FL Mobile Home Park

MIAMI, FL, Aug. 4, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on July 23, 2009, in the amount of $10,250,000 for Everglades Lakes Mobile Home Park in Ft. Lauderdale, Florida.

Tom Wood, Jr., (top right photo) Company President, financed Everglades Lakes Mobile Home Park through Thomas D. Wood and Company’s correspondent relationship with Advantus Capital Management.

The permanent loan has an interest rate of 6.80% and a 10-year term, based on a 30-year amortization. The loan-to-value is 35%. The 90-acre mobile home park accommodates 485 pads and is located at 2900 SW 52 Avenue, Ft. Lauderdale, Florida.

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

Tuesday, July 7, 2009

Thomas D. Wood & Co. Closes $5.55M Loan for Canadian Ferrari Dealership

FORT LAUDERDALE, FL—July 7, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured construction financing on June 30, 2009, in the amount of $5,550,000 for Ross Motor Sports, (top right photo) a Ferrari dealership in Vancouver, British Columbia.

Patrick Madore, Company Vice President, financed the Ross Motor Sports through Thomas D. Wood and Company’s relationship with a Canadian bank.

The loan is floating at 350 over LIBOR, with a five-year term, based on a 20-year amortization. The loan-to-value is 55%, and loan-to-cost is 50%. The 26,506 square-foot Ferrari dealership will be built on 0.256 acres at 1898 Burrard Street, Vancouver, British Columbia.




For further information, please contact:
Patrick Madore, (954) 233-6024, pmadore@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com

Thursday, July 2, 2009

Commons at Abacoa in Jupiter, FL Gets $5M Loan

FORT LAUDERDALE, FL—July 2, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on June 30, 2009, in the amount of $5,037,500 for the Commons at Abacoa II (top left photo) in Jupiter, Florida.


Patrick Madore, (bottom right photo) Company Vice President, financed the Commons at Abacoa II through Thomas D. Wood and Company’s relationship with a regional bank.

The loan has an interest rate of 6.5% and a 10-year term with a five-year rate review, based on a 25-year amortization. The loan-to-value is 65%. The 29,461 square-foot office building was built in 2007 and is home to major tenant Health Care REIT. The Commons at Abacoa II is located at 661 University Drive, Jupiter, Florida.

For further information, please contact:
Patrick Madore, (954) 233-6024, pmadore@tdwood.com
Jessica Gurtowski, (407) 937-0470, jgurtowski@tdwood.com

Monday, May 18, 2009

Thomas D. Wood & Co. Brokers $3.14M Loan for CVS in Ft. Pierce, FL

FORT LAUDERDALE, FL, May 18, 2009— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured construction financing on May 13, 2009, in the amount of $3,140,000 for a CVS Pharmacy in Ft. Pierce, Florida.

Patrick Madore, (top right photo) Company Vice President, financed the CVS Pharmacy through Thomas D. Wood and Company’s relationship with a regional bank.

The construction/mini-perm loan has an interest rate of 6%, and is interest-only for the first year. The loan term is five years, based on a 25-year amortization. Loan-to-value is 75% and loan-to-cost is 90%.
The 14,000 square-foot retail building will be built on two acres of land on US Highway 1 in Ft. Pierce, Florida.

The website may be accessed through http://www.tdwood.com/.

For further information, please contact:
Patrick Madore, (954) 233-6024, pmadore@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com