The Miami Office of Thomas D. Wood and Company secured $4,350,000 to finance Polynesian Apartments, an 85-unit apartment complex in Homestead, Florida.

Company Vice President Alan R. Cohen structured the transaction through Thomas D. Wood and Company’s lender relationship with a national banking institution.  The non-recourse loan was secured in the amount of $4,350,000 at a rate of 6.65%, with a five-year term and 40-year amortization.  The 62,552 square-foot apartment complex was built in 1972 on 4.26 acres of land.  Polynesian Apartments is located at 50, 150 and 250 SE 6th Avenue, Homestead, 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 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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