Sarasota, Florida – June 9, 2009 –
Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $1,550,000 for the Crystal Coast Apartments in Morehead City, North Carolina.
Brad Cox, CCIM, CPM, Company Vice President, financed the Crystal Coast Apartments through Thomas D. Wood and Company’s relationship with a national lending institution. The loan has a fixed interest rate of 5.94% and a 10-year term, based on a 30-year amortization. This loan is part of the Fannie Mae Immediate Delivery Loan Program. The 50-unit apartment complex was built in 1973, and is located on five acres at 2109 Mayberry Loop, Morehead City, North Carolina.
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.
Brad Cox, CCIM, CPM (941) 552-9731 bcox@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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