Miami, Florida – February 29, 2008 –
Javier Socorro, Commercial Mortgage Analyst for Thomas D. Wood and Company, secured financing in the amount of $3,350,000 for Atlas Plaza in Miami, Florida. Socorro financed the loan through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent lenders, at a permanent fixed rate of 6.125%. The loan term is 10 years, with a 30-year amortization and a loan-to-value of 53%. The 16,500 square-foot retail center was built in 1969, and is home to Michael’s Genuine Food & Drink, which has been featured in numerous dining publications and television programs. Atlas Plaza is located at 114 and 130 NE 40th Street, Miami, 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.
Javier Socorro (305) 447-7820 jsocorro@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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