Miami, Florida – August 26, 2008 –

Stephen Wechsler, Vice President for Thomas D. Wood and Company, secured financing in the amount of $7,500,000 for the Inn on North Bay, a Best Western Hotel and Shuckers Restaurant in North Bay Village, Florida.  The loan was financed through Thomas D. Wood and Company’s  relationship with a local banking institution at a permanent fixed rate of 6.0%.  The loan term is five years based on a 25-year amortization, and a loan-to-value of 38%.  The borrower refinanced the Inn on North Bay to: pay off existing debt, get reimbursed for renovations, and pull out some cash.  Inn on North Bay was built in 1967 and is located at 1819 79th Street Causeway, North Bay Village, 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.

Stephen Wechsler                (305) 447-7874      swechsler@tdwood.com

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

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