Orlando, Florida – February 27, 2008 –
Jeff Schnupp, Vice President for Thomas D. Wood and Company, secured financing in the amount of $2,250,000 for Sandalfoot Plaza in Boca Raton, Florida. Schnupp financed the loan through Skymar Capital, one of Thomas D. Wood and Company’s correspondent lenders, at a permanent fixed rate of 6%. The loan term is 10 years, with a 25-year amortization and a loan-to-value of 73%. The 10,779 square-foot office/retail center was built in 2007, and is located at 9850 Marina Boulevard, Boca Raton, 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, in addition to Wall Street. 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 1700 South MacDill Avenue, Suite 240 A, Tampa, Florida 33629, and 1215 Louisiana Avenue, Winter Park, Florida 32789. The website may be accessed through www.tdwood.com.
Jeff Schnupp (407) 937-0470 jschnupp@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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