Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Home About Us Sitemap
 
Press Release
  << Back to Press Releases
Mar 30, 2009 Thomas D. Wood and Company Arranges $2,000,000 in Financing for the Metro Office Building in Lake Worth, Florida

Ft. Lauderdale, Florida – March 30, 2009 –

Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on March 27, 2009, in the amount of $2,000,000 for the Metro Office Building in Lake Worth, Florida.  Patrick Madore, Company Vice President, financed the Metro Office Building through Thomas D. Wood and Company’s relationship with a local bank.  The loan has an interest rate of Prime + 1% and a five-year term, based on a 25-year amortization.  The loan-to-value and loan-to-cost is 50%.  The 12,000 square-foot office building was built in 1977 and is located at 1000 N. Dixie Highway, Lake Worth, 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.    

Patrick Madore        (954) 233-6024       pmadore@tdwood.com

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


###

 

 

 

 

 

Press Releases
Commercial Newsletter
Interest Rates
Archives