Miami, Florida – June 22, 2010 –
Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $3,600,000 for Pembroke Place North Plaza in Pembroke Pines, Florida.
Ben Jimenez, Company Assistant Vice President, secured financing for Pembroke Place North Plaza through Thomas D. Wood and Company’s correspondent relationship with The Standard Life Insurance Company. The fully-amortizing permanent loan has a term of 25 years and an interest rate of 6.25%, fixed for the first five years. The loan-to-value is 55%. The 51,061 square-foot retail center was built in 1987 and is home to major tenants Planet Fitness, Pets are People Too and Burger King. Pembroke Place North Plaza is located at 8913-9091 Taft Street, Pembroke Pines, 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.
Ben Jimenez (305) 447-7830 bjimenez@tdwood.com
Jessica Kinnee (407) 937-0470 jkinnee@tdwood.com
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