Greenville, SC. Feb 09, 2007 -
The Orlando Office of Thomas D. Wood and Company secured $8,623,960 in repositioning and equity financing for the acquisition of the Piedmont Center Office Park, a two-building 144,029 SF project, located in Greenville, South Carolina. The project was 65% occupied at closing.
Company Principal Doug Rozzell structured the transaction with Superior Bank, providing a $7,923,960 non-recourse bridge loan, which equated to an 88% loan-to-cost, and Ambit Funding, providing $700,000 of the $1,080,000 total equity requirement. The Piedmont Center is located at 33 & 37 Villa Road, Greenville, Greenville County, South Carolina.
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 twelve major life insurance companies, in addition to Wall Street. Thomas D. Wood and Company’s servicing portfolio is now approaching one billion dollars. This consists of long-term mortgages on a variety of commercial properties throughout the state of Florida. These properties include: retail, industrial, office buildings, senior housing communities, mini 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, FL 33134, with branch offices located at 1700 South MacDill Avenue, Suite 240A, Tampa, FL 33629, and 2105 Park Avenue North, Winter Park, FL 32789. The website may be accessed through www.tdwood.com.
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