Miami, Florida – March 15, 2010 –
Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on March 3, 2010, in the amount of $2,000,000 for Walgreens at Hawaiian Court in Orlando, Florida.
Steven Hayes Wood, Company Chief Operating Officer, along with Mike Daspin of United Financial of America, financed Walgreens at Hawaiian Court through Thomas D. Wood and Company’s correspondent relationship with Woodmen of the World Life Insurance Company. The fully-amortizing loan has a term of ten years and an interest rate of 6.125%. The loan-to-value is 37% and loan-to-cost is 36.25%. Walgreens at Hawaiian Court is a 13,677 square foot retail building, built in 2010, and located at 9858 International Drive, 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 fourteen major life insurance companies, and is also a member of the Strategic Alliance Mortgage (SAM), a unique company consisting of 20 members who are all individually owned, commercial real estate investment banking/mortgage banking firms located throughout the United States. 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 1215 Louisiana Avenue, Suite 100, Winter Park, Florida 32789, 7349 Professional Parkway East, Sarasota, Florida 34240, and 1000 Corporate Dr., Suite 100, Ft. Lauderdale, Florida 33334. The website may be accessed through www.tdwood.com.
Steve Wood (305) 447-7830 swood@tdwood.com
Jessica Kinnee (407) 937-0470 jkinnee@tdwood.com
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