Orlando, Florida – August 8, 2008 –
Jeff Schnupp, Vice President for Thomas D. Wood and Company, secured financing in the amount of $2,665,500 for Super Saver Pharmacy #4 and CDM Commerce Center. Both properties were financed through Thomas D. Wood and Company’s relationship with a regional banking institution.
Schnupp secured construction financing for Super Saver Pharmacy #4 in the amount of $744,000 and a rate of Prime + 1/2%. The 24-month loan has a loan-to-cost of 74%. The 2,730 square-foot multi-tenant office/retail property will be built on 0.4 acres on Vine Street in Kissimmee, Florida.
Schnupp arranged financing in the amount of $1,921,500 for the CDM Commerce Center at a rate of 6%. The loan term is five years, based on a 25-year amortization, with a loan-to-value of 66%. The 14,000 square-foot multi-tenant retail center was built in 2006, and is located at 1901 S. John Young Parkway, Kissimmee, 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.
Jeff Schnupp (407) 937-0470 jschnupp@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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