Miami, Florida—August 2, 2007—
Marshall Smith, Executive Vice President for Thomas D. Wood and Company, arranged financing in the amount of $11,000,000 for the Cargil International warehouse located in Miami, Florida. Smith refinanced the loan with Woodmen of the World Life Insurance Company, one of Thomas D. Wood and Company’s correspondent lenders, at a permanent fixed rate of 6.13% with a 10-year term and 25-year amortization. The warehouse was originally built in 1961, and expanded by an additional 100,000 square-feet in 1998 to its current size of 237,000 square-feet. The warehouse is home to major tenants Cargil International and Bijoux Terner, and is located at 6950 NW 77 Court, 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 thirteen major life insurance companies, in addition to Wall Street. 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 1700 South MacDill Avenue, Suite 240 A, Tampa, Florida 33629, and 2105 Park Avenue North, Winter Park, Florida 32789. The website may be accessed through www.tdwood.com.
For further information, please contact:
Marshall Smith (305) 447-7820 msmith@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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