TD Wood and Company Deal of the Week

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Deal of the Week Bulletin Board

May 14, 2008

Successful Financing Secured for a 40-Unit Apartment Complex in Pompano Beach, Florida

Seven Palms Apartments - Pompano Beach, Florida

Problem:

The borrower was looking for a 30-year fixed-rate loan with minimal upfront fees, and needed to close the loan within 30 days.

Solution:

Through Thomas D. Wood and Company's relationship with a national banking institution, Company Assistant Vice President Ivan Hagen was able to offer the borrower an FNMA 30/30 loan for small-balance apartments with an upfront application fee of $4,000, and was able to close the loan on time.

Please contact Ivan Hagen at ihagen@tdwood.com

Deal Details:

Amount:		$1,250,000
Property Type:		Multi-Family
Interest Rate:		6.275%
Term:		30/30
Location:		8800 W. Sample Road Pompano Beach, Florida

Thomas D. Wood and Company Arranges $1,250,000 to Finance Seven Palms Apartments in Pompano Beach, Florida

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Thomas D. Wood and Company Arranges $2,800,000 to Finance the US Forest Services and Bureau of Land Management Complex in Buffalo, Wyoming

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