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
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