Miami, Florida – May 20, 2009 –
Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on May 8, 2009, in the amount of $9,500,000 for the Galleria Mall in Downtown Miami, Florida.
Thomas D. Wood, Jr., Company President, financed the Galleria Mall through Thomas D. Wood and Company’s relationship with a local banking institution. The loan has a fixed interest rate of 6.75% and a five-year term, based on a 25-year amortization. Loan-to-value is 46%. The three-story, 164,918 square-foot retail and office building is home to major tenant Marshalls, and is located at 251 East Flagler Street, Miami, 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 1000 Corporate Dr., Suite 100, Ft. Lauderdale, Florida 33334. The website may be accessed through www.tdwood.com.
Tom Wood, Jr. (305) 447-7820 tomjr@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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