Orlando, FL – April 10, 2015 –
Thomas D. Wood and Company Vice President Jeff Schnupp financed $2,650,000 in commercial loans in Central Florida.
Schnupp secured financing for the Shops at Dupont Lakes in the amount of $1,350,000 through Thomas D. Wood and Company’s correspondent relationship with Symetra Life Insurance Company. The borrower built the Dollar Tree property for cash; once he leased the final space to Leslie’s Poolsmart, he wanted to refinance the property to pull out as much equity as possible to purchase land and develop for another tenant. Schnupp provided the borrower with a 15-year fully-amortizing fixed-rate loan. The 12,000 square-foot multi-tenant retail center is located in Deltona, Florida.
Schnupp also secured financing for the Fountainview, a 10,000 square-foot retail/office development, through Thomas D. Wood and Company’s correspondent relationship with The Standard. The borrower’s construction loan with a private lender was maturing, and they wanted to refinance into a long-term fixed-rate loan with a 25-year amortization. Fountainview is located in Lake Mary, Florida.
About Thomas D. Wood & Company
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 16 major life insurance companies, and is also a member of the Strategic Alliance Mortgage (SAM), a unique company consisting of 24 members who are all individually owned, commercial real estate investment banking/mortgage 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: 1916 E. Robinson Street, Orlando, FL 32803, 6751 Professional Parkway West, Suite 105, Sarasota, Florida 34240, 620 Bypass Drive, Clearwater, Florida 33764, and 2500 N. Military Trail, Suite 200, Boca Raton, Florida 33431. The website may be accessed through www.tdwood.com.
Senior Vice President
D. Wood & Co.
Director of Marketing and Public Relations
Thomas D. Wood & Co.