Home About Us Sitemap
 
Press Release
  << Back to Press Releases
Oct 6, 2009 Thomas D. Wood and Company Secured Financing in the Amount of $4,600,000 for Lincoln-Lauderhill Industrial in Lauderdale Lakes and Lauderhill, Florida

Miami, Florida – October 6, 2009 –

Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on October 1, 2009, in the amount of $4,600,000 for Lincoln-Lauderhill Industrial in Lauderdale Lakes and Lauderhill, Florida.

Marshall Smith, Company Executive Vice President, financed Lincoln-Lauderhill through Thomas D. Wood and Company’s relationship with a local bank.  The loan term is ten years, and the rate can be reset after five years, based on a 25-year amortization and a loan-to-value of 49.4%.  The interest rate is 6.50%.  The two properties total 328,400 square feet of industrial space, and were built between 1974 and 1978.  Lincoln-Lauderhill Industrial is located at 3435-3699 NW 19th Street, Lauderdale Lakes, and 1840-1898 NW 38th Avenue, Lauderhill, 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.    

Marshall Smith           (305) 447-7820       msmith@tdwood.com

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


###

 

 

 

 

 

Press Releases
Commercial Newsletter
Interest Rates
Archives