Home About Us Sitemap
 
Press Release
  << Back to Press Releases
Mar 4, 2008 Thomas D. Wood and Company Arranges $1,905,345 in Construction Financing for the Social Security Administration Building in Lake City, Florida

Orlando, Florida – March 4, 2008 –

Doug Rozzell, Principal for Thomas D. Wood and Company, secured construction financing in the amount of $1,905,345 for the Social Security Administration Building in Lake City, Florida.  Rozzell financed the 18-month, interest-only construction loan through a regional banking institution at LIBOR + 250 basis points and 97% loan-to-cost.  The 9,432 square-foot office building will be constructed on 2.5 acres at the southwest corner of Bascom Norris Drive and Sister’s Welcome Road, Lake City, 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.

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

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


###

 

 

 

 

 
Press Releases
Commercial Newsletter
Industry News
Interest Rates