The Miami Office of Thomas D. Wood and Company is pleased to announce the arrangement of financing for Sandalwood residential land in the amount of $9,000,000.

Company President Thomas D. Wood, Jr. secured financing for Sandalwood residential land on behalf of the owner through Thomas D. Wood and Company’s relationship with a northeast hedge fund correspondent.  The interest-only bridge loan was secured in the amount of $9,000,000.  Wood structured the transaction to refinance out the equity partner, and provide dollars to complete the horizontal infrastructure.  The 66.15 acres will be developed into 212 single-family lots, located on Noriega Road, west of Renfro Road, in Bakersfield, California.

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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