Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Home About Us Sitemap
 
Press Release
  << Back to Press Releases
Nov 4, 2008 Thomas D. Wood and Company Arranges $1,905,000 in Financing for YBOR Mixed-Use and United Commercial Investments Office Building

Orlando, Florida – November 4, 2008 –

Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $1,905,000 for YBOR Mixed-Use and United Commercial Investments Office Building.

Jeff Schnupp, Company Vice President, financed $1,575,000 for YBOR Mixed-Use through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent life insurance lenders, at a permanent fixed-rate of 6.50%.  The loan term is five years, based on a 25-year amortization, and a loan-to-value of 72%.  The 10,221 square-foot mixed-use project was built in 1904, and is located at 1603 1/2 E. 7th Avenue, Tampa, Florida.

John Worrell, Company Assistant Vice President, secured financing in the amount of $330,000 for United Commercial Investments Office Building.  Worrell financed the loan through Thomas D. Wood and Company’s relationship with a regional bank at a permanent fixed-rate of Prime + 2.5%.  The loan term is three years, based on a 25-year amortization, and a loan-to-value of 75%.  The 2,640 square-foot office building is home to tenants Pro Kitchens and Top Docs, and is located at 80 Spring Vista Drive, DeBary, 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.

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

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

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


###

 

 

 

 

 

Press Releases
Commercial Newsletter
Interest Rates
Archives