Miami, Florida – August 11, 2009 –
Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on August 5, 2009, in the amount of $11,971,294 for Quail Park IV Office and Sanford Towne Square Shopping Center.
Steve Wood, Company Chief Operating Officer, along with Tony Castrignano of Sky Mesa Capital, financed Quail Park IV Office in the amount of $10,000,000 through Thomas D. Wood and Company’s relationship with a national life insurance company at an interest rate of 7.65%. The loan term is 7 years, based on a 22-year amortization, and a loan-to-value of 58%. The 103,349 square-foot office building is home to major tenant Colonial Bank. Quail Park IV was built in 1983 and is located at 2810 and 2820 West Charleston Boulevard, Las Vegas, Nevada.
Steve Wood and Doug Rozzell, Company Principal, financed Sanford Towne Square in the amount of $1,971,294 through Thomas D. Wood and Company’s correspondent relationship with Woodmen of the World Life Insurance Company at an interest rate of 7.375%. The loan has a fully-amortizing 10-year term and a loan-to-value of 37%. The 88,905 square-foot retail center is home to major tenant Winn Dixie, and was built in 1987. Sanford Towne Square is located at 1500 South French Avenue, Sanford, 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 1000 Corporate Dr., Suite 100, Ft. Lauderdale, Florida 33334. The website may be accessed through www.tdwood.com.
Steve Wood (305) 447-7820 swood@tdwood.com
Doug Rozzell (407) 937-0470 drozzell@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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