Orlando, Florida – April 3, 2008 –
Daniel Byrnes, Assistant Vice President for Thomas D. Wood and Company, secured financing in the amount of $2,800,000 for the U. S. Forest Services and Bureau of Land Management Complex in Buffalo, Wyoming. Byrnes financed the non-recourse loan through a regional credit union at a permanent fixed rate of 6.5%, with no pre-pay penalty. The term is 10 years with a 30-year amortization, and a loan-to-value of 80%. The 28,013 square-foot General Services Administration complex was built in 1996.
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.
Daniel Byrnes (407) 937-0470 dbyrnes@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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