Orlando, Florida – April 26, 2010 –
Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on April 19, 2010, in the amount of $1,500,000 for the Barcelona Center in Jupiter, Florida.
Jeff Schnupp, Company Vice President, financed the Barcelona Center office building through Thomas D. Wood and Company’s correspondent relationship with Kansas City Life Insurance Company. The fixed-rate loan has an interest rate of 6.75%, based on a five-year term and a 15-year amortization. The loan-to-value is 45%. The 17,000 square-foot multi-tenant office was built in 2004 and is home to major tenant Siemens. The Barcelona Center is located at 1680 South Central Boulevard, Jupiter, 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 475 NW 11th Street, Boca Raton, Florida 33432. The website may be accessed through www.tdwood.com.
Jeff Schnupp (407) 937-0470 jschnupp@tdwood.com
Jessica Kinnee (407) 937-0470 jkinnee@tdwood.com
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