Miami, Florida – August 6, 2008 –
Tom Wood, Jr., and Ben Jimenez of Thomas D. Wood and Company secured financing in the amount of $8,000,000 for Bayview Offices in Ft. Lauderdale, Florida. The loan was financed through Thomas D. Wood and Company’s relationship with a regional banking institution at a rate of 6.25%, fixed for five years. The loan term is 10 years with a 25-year amortization, and a loan-to-value of 67%. The 84,000 square-foot office building was built in 1968, and is home to major tenants Corinthian Colleges, Bank of America and 7-11 Stores. Bayview Offices is located at 1040 Bayview Drive, Ft. Lauderdale, 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, in addition to Wall Street, and is a member of Strategic Alliance Mortgage (SAM). SAM is a unique company consisting of twenty regional commercial mortgage banking firms that share real-time market information. Thomas D. Wood and Company’s servicing portfolio is approaching $1 billion, and consists of long-term mortgages on a variety of commercial properties. 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, 1215 Louisiana Avenue, Suite 100, Winter Park, Florida 32789, and 6802 Honeysuckle Trail, Lakewood Ranch, Florida 34202. The website may be accessed through www.tdwood.com.
Tom Wood, Jr. (305) 447-7820 tomjr@tdwood.com
Ben Jimenez (305) 447-7820 bjimenez@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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