The Orlando Office of Thomas D. Wood and Company secured $4,150,000 to refinance a free-standing Publix grocery store located in Clearwater, Florida.

Company Principal Doug Rozzell structured the transaction on behalf of the owner through Thomas D. Wood and Company’s lender relationship with a Wall Street capital source on a 10-year fixed-rate at 5.63%, with a thirty-year amortization.  The loan was non-recourse to the sponsors, with standard carve-outs.  The 28,800 square-foot Publix store is located at the southeast corner of Ulmerton Road and Carillon Drive in Clearwater, 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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