Ponce Office Building

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Thomas D. Wood and Company arranged $5,000,000 in permanent fixed rate financing through one of their correspondent life insurance companies secured by a Coral Gables office building. The borrower used the proceeds to refinance the ballooning $4.3 million dollar note and fund the renovation and conversion of the 5th and 6th floors into co-working and shared office space.

Jeunesse Office Building

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Thomas D. Wood and Company arranged a $19 million dollar senior mortgage secured by the Jeunesse office building, a 4-story multitenant office structure built in 1998. The loan included a permanent floating to fix rate feature at a very competitive interest rate. The building was completely vacant at the time of purchase or when purchased in 2015. The client invested …