Miami, Florida – August 21, 2008 –
Susan Traino, CPA, and Christian Johannsen, CCIM, of Thomas D. Wood and Company secured financing in the amount of $5,000,000 for Bloomingdale Woods Condominiums in Valrico, Florida. The loan was financed through Thomas D. Wood and Company’s relationship with a regional banking institution at a permanent fixed rate of 6.75%. The loan term is five years with a 25-year amortization, and a loan-to-value of 70%. The borrower refinanced the loan for Bloomingdale Woods in order to purchase the remaining 105 condominium units. The 224-unit condominium conversion was built in 1988, and is located at 3431 Eagle Ridge Road, Valrico, 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.
Susan Traino, CPA (305) 476-7120 straino@tdwood.com
Christian Johannsen, CCIM (305) 447-7874 cjohannsen@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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