Orlando, FL – March 15, 2007 –
The Orlando Office of Thomas D. Wood and Company secured $4,894,000 in construction financing for the Sand Lake Surgery Center in Orlando, Florida.
Company Principal Doug Rozzell structured the transaction on behalf of the owner through Thomas D. Wood and Company’s lender relationship with a regional banking institution on a full-recourse basis. The loan-to-value exceeded 85% and the loan-to-cost was 80%. The 20,704 square-foot ambulatory surgical center, to be occupied by United Surgical Partners, is located at 7340 Sand Lake Commons Boulevard, Orlando, 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 twelve major life insurance companies, in addition to Wall Street. Thomas D. Wood and Company’s servicing portfolio is now approaching one billion dollars. This consists of long-term mortgages on a variety of commercial properties throughout the state of Florida. These properties include: retail, industrial, office buildings, senior housing communities, mini 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, FL 33134, with branch offices located at 1700 South MacDill Avenue, Suite 240 A, Tampa, FL 33629, and 2105 Park Avenue North, Winter Park, Florida 32789. The website may be accessed through www.tdwood.com.
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