Orlando, Florida – April 16, 2008 –
John Worrell, Assistant Vice President for Thomas D. Wood and Company, secured financing in the amount of $1,900,000 for Sherman’s Plaza, a retail center in Ocoee, Florida. Worrell financed the loan through a regional banking institution at a permanent fixed rate of 6.25%. The term is five years with a 20-year amortization, and a loan-to-value of 40%. The 16,500 square-foot retail center was built in 2006, and is home to Sherman’s Gifts and Home Décor. Sherman’s Plaza is located at 1101 S. Clarke Road, Ocoee, 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, 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.
John Worrell (407) 937-0470 jworrell@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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