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Aug 21, 2009 Thomas D. Wood and Company Secured Financing in the Amount of $2,875,000 for Carino's Italian Grill and Shoppes at Canopy Park

Orlando, Florida – August 21, 2009 –

Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $2,875,000 for Carino’s Italian Grill and Shoppes at Canopy Park.

Jeff Schnupp, Company Vice President, financed Carino’s Italian Grill in the amount of $1,900,000 through Thomas D. Wood and Company’s relationship with a local credit union at an interest rate of 6.875%.  The loan term is seven years, based on a 25-year amortization, and a loan-to-value of 76%.  The 6,900 square-foot single-tenant restaurant was built in 1999 and is located at 106 E. Highway 332, Lake Jackson, Texas.

John Worrell, Company Assistant Vice President, financed Shoppes at Canopy Park in the amount of $975,000 through Thomas D. Wood and Company’s relationship with a local bank at an interest rate of 6.4%.  The loan term is five years, based on a 25-year amortization, and a loan-to-value of 70%.  The 10,186 square-foot retail center is home to tenants Earth Pets and Spherion Staffing.  Shoppes at Canopy Park was built in 1998 and is located at 500 NW 60th Street, Gainesville, 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.    

Jeff Schnupp              (407) 937-0470       jschnupp@tdwood.com

John Worrell              (407) 937-0470       jworrell@tdwood.com

Jessica Gurtowski      (407) 937-0470       jgurtowski@tdwood.com


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