Lakewood Ranch, Florida – September 10, 2008 –
Brad Cox, Vice President for Thomas D. Wood and Company, secured financing in the amount of $2,800,000 for Gainesville Mini-Storage in Gainesville, Florida. The loan was financed through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent lenders, at a permanent fixed-rate of 6.7%. The loan term is five years with three five-year options, based on a 25-year amortization, and a loan-to-value of 70%. The 54,708 square-foot self-storage facility was built in 1989 and is located at 4430 SW 34th 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, 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.
Brad Cox (941) 907-8112 bcox@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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