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Feb 18, 2009 Thomas D. Wood and Company Arranges $4,475,773 in Financing for the Development and Acquisition of the Social Security Administration Office in Melbourne, Florida

Orlando, Florida – February 18, 2009 –

Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on January 30, 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, 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.

Thomas D. Wood and Company is an independently owned, leading commercial mortgage banking firm in the southeast.  Thomas D. Wood and Company has correspondent relationships with fourteen major life insurance  companies, and is also a member of the Strategic Alliance Mortgage (SAM), a unique company consisting of 20 members who are all individually owned, commercial real estate investment banking/mortgage banking firms located throughout the United States.  Thomas D. Wood and Company’s servicing portfolio is now approaching one billion dollars.  This servicing portfolio consists of long-term mortgages on a variety of  commercial properties located throughout the state of Florida.  These properties include:
Retail, Industrial, Office, Senior Housing Communities, Self-storage, Apartments, Warehouses, Hotels and Mobile Home Parks.  Thomas D. Wood and Company’s corporate office is located at 95 Merrick Way, Suite 360, Coral Gables, Florida 33134, with branch offices located at 1215 Louisiana Avenue, Suite 100,  Winter Park, Florida 32789, 6802 Honeysuckle Trail, Lakewood Ranch, Florida  34202, 1000 Corporate Dr., Suite 100, Ft. Lauderdale, Florida 33309 and 1700 South MacDill Avenue, Suite 240 A, Tampa, Florida 33629.   The website may be accessed through www.tdwood.com.     

Doug Rozzell           (407) 937-0470       drozzell@tdwood.com

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


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