Home About Us Sitemap
 
Press Release
  << Back to Press Releases
June 1, 2010 Thomas D. Wood and Company Secured Financing in the Amount of $3,710,000 for Smokey Bones, 108 Commerce Street, Dollar General, and Sandscove Court

Orlando, Florida – June 1, 2010 –

Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $3,710,000 for Smokey Bones, 108 Commerce Street, Dollar General, and Sandscove Court.

Patrick Madore, Company Vice President, secured $1,400,000 in financing for the Smokey Bones Restaurant on May 6, 2010, through Thomas D. Wood and Company’s relationship with a regional bank.  The full-recourse, fixed-rate loan has a term of five years, based on a 25-year amortization and an interest rate of 7.15%.  The loan-to-value is 70%.  The 6,686 square-foot single-tenant restaurant was built in 1993, and is located at 21733 State Road 7, Boca Raton, Florida.

Jeff Schnupp, Company Vice President, secured $650,000 in financing for the 108 Commerce Street Office on April 29, 2010, through Thomas D. Wood and Company’s relationship with a local credit union.  The fixed-rate loan has a term of five years, based on a 20-year amortization and an interest rate of 6.50%.  The loan-to-value is 45%.  The 22,800 square-foot office was built in 1989 and is located at 108 Commerce Street, Lake Mary, Florida.

Joe Dear, Company Vice President, secured $860,000 in financing for Dollar General on May 20, 2010, through Thomas D. wood and Company’s correspondent relationship with The Standard Life Insurance Company.  The permanent loan has a term of five years, based on a 25-year amortization and an interest rate of 6.25%.  The loan-to-value is 66%.  The 12,480 square-foot single-tenant retail was built in 2010 and is located at 7025 Highway 231, Panama City, Florida.

John Worrell, Company Assistant Vice President, secured $800,000 in financing for Sandscove Court on May 20, 2010, through Thomas D. Wood and Company’s correspondent relationship with Kansas City Life Insurance Company.  The fully-amortizing loan has a term of 20 years and an interest rate of 6.75%.  The loan-to-value is 52%.  The 23,760 square-foot industrial center was built in 1999 and is located at 7307 Sandscove Court, Winter Park, 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.    

Patrick Madore         (561) 338-9799       pmadore@tdwood.com

Jeff Schnupp            (407) 937-0470       jschnupp@tdwood.com

Joe Dear                  (407) 937-0470       jdear@tdwood.com

John Worrell            (407) 937-0470       jworrell@tdwood.com

Jessica Kinnee         (407) 937-0470       jkinnee@tdwood.com


###

 

 

 

 

 
Press Releases
Commercial Newsletter
Interest Rates
Archives