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| Commercial Updates |
July 2011 |
LENDERS WISH LIST - Based on a recent survey with many of our life company and CMBS lenders here are the types of properties they are wanting to finance:
• Multifamily
• Multi-tenant office
• Multi-tenant retail (including unanchored strip retail)
• Multi-tenant industrial
• Self-Storage
• Mixed-use
• Flex properties
• Hotels
• Single Tenant
Properties must be stabilized – lender will underwrite to “in place” cash flow
Loan sizes from $750K up.
Credit is important – if there are issues it should be addressed upfront
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| Recently Closed Deals |
Homestead Town Square
$13,250,000
Retail
Homestead, Florida
Producer Steve Wood |
Villa Des Chenes
$1,450,000
Multi-Family
Largo, Florida
Producer Steve Wood |
Dollar General
$1,235,000
Retail
St. Petersburg, Florida
Producer Joe Dear |
Shoppes at Beacon Light
$8,100,000
Publix-Anchored Retail
Lighthouse Point, Florida
Producer Steve Wood |
Boca Raton Cancer Center
$3,000,000
Medical Office
Boca Raton, Florida
Producer Tom Wood, Jr. |
Common Wealth Industrial
$2,900,000
Industrial
Dallas, Texas
Producer Tom Wood, Jr. |
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| Thomas D. Wood and Company Independent Mortgage Bankers |
| Thomas D. Wood and Company is the largest independently owned, leading commercial mortgage-banking firm in the southeast. Thomas D. Wood and Company has correspondent relationships with fifteen major life insurance companies in addition to its numerous Wall Street associations. Thomas D. Wood and Company’s servicing portfolio is now approaching $1 billion. This consists of long-term mortgages on a variety of commercial properties throughout the state of Florida. These properties include: retail, industrial, office buildings, mini storage, apartments, warehouses, senior housing communities, hotels and mobile home parks. |
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| Correspondent Lenders |
| Advantus Capital Management |
OneAmerica |
| AIG Global Investments |
Security Mutual Life |
| American Fidelity Assurance |
Southern Farm Bureau |
| Ameritas/Acacia Companies |
The Standard |
| AVIVA Capital Management |
Summit Investment Partners |
| Genworth Financial |
Symetra Financial |
| John Hancock Life |
Woodmen of the World |
| Kansas City Life |
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