Miami, Florida—August 15, 2007—
William Schuss, Vice President for Thomas D. Wood and Company, arranged land development financing in the amount of $10,000,000 for the American Dreams, LLC, land development in Boston Heights, Ohio. Schuss refinanced the land development for a 12-month term through Thomas D. Wood and Company’s exclusive lender relationship with a private Northeast Hedge Fund. The bridge loan was secured by a first mortgage on 230 acres of entitled land to be developed into a mixed-use retail, commercial and office site along a major highway thoroughfare with high traffic counts.
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:
William Schuss (305) 447-7820 wschuss@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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