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 over $5,000,000 in renovations to upgrade the building with impressive space that is highly interactive and tech friendly. The building is now a “Class A” office building with high-end finishes and a two-story atrium.
|Deal Type||Permanent Float to Fix|
|Office Location||Boca Raton|