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Oct 27, 2008 Thomas D. Wood and Company Arranges $1,040,000 in Financing for the 1741 Building in Miami, Florida

Miami, Florida – October 27, 2008 –

Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $1,040,000 for the 1741 Building in Miami, Florida. 

Ben Jimenez, Company Assistant Vice President, financed the loan through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent lenders, at a rate of 6.875%.  The fully-amortizing loan has a term of 15 years and a loan-to-value of 60%.  The 11,880 square-foot retail/warehouse building is owner-occupied by India Clothier, and was built in 1965.  The 1741 Building is located at 1741 NW 20th Street, Miami, 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 19 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, 6802 Honeysuckle Trail,  Lakewood Ranch, Florida  34202, 1000 Corporate Dr., Ste. 100, Ft. Lauderdale, Florida 33309 and 1700 South MacDill Avenue, Suite 240 A, Tampa,   Florida 33629.   The website may be accessed through www.tdwood.com.

Ben Jimenez            (305) 447-7820       bjimenez@tdwood.com

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


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