Thomas D. Wood and Company Sarasota Office arranged $1,500,000 in permanent fixed rate financing for the Food Lion anchored neighborhood center in Loris, South Carolina. The proceeds were used to pay off an existing $1,598,000 mortgage note. The loan, originated by one of their correspondent life companies, featured a fully amortizing 25-year term with interest rate resets in year ten …

Thomas D. Wood and Company’s Boca Raton office secured $2,700,000 in permanent fixed rate financing for a 76,000-square foot shopping center in Avon Park, Florida. The proceeds were used to refinance the existing debt and to pull some of the borrower equity of the deal. The low leveraged loan included a 4.375% interest rate.