The Miami Office of Thomas D. Wood and Company is pleased to announce the arrangement of financing for Palmetto Bay Village Center in the amount of $42,000,000.

Company President Thomas D. Wood, Jr., and Assistant Vice President Ben Jimenez structured the transaction for Palmetto Bay Village Center on behalf of the owner through Thomas D. Wood and Company’s lender relationship with a regional banking institution.  The interest-only bridge loan was secured in the amount of $42,000,000.  The 266,808 square-foot office building is home to major tenants Progressive Insurance, Farm Stores, Everglades Foundation and Sapient.  Palmetto Bay Village Center is located at 18001 Old Cutler Road, Palmetto Bay, 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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