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Multi-family Garden Apartments
Thomas D. Wood & Company’s Sarasota office secured a $29,600,000 construction loan for the Estero Oaks Apartments, a 280-unit Class A apartment complex in Estero, Florida. The funds will be used to provide financing for the construction and stabilization of the development of a rental community
Gulf Breeze Retail
Thomas D. Wood and Company secured $2,700,000 in permanent fixed rate financing for the acquisition of a strip center in Gulf Breeze, Florida. Gulf Breeze retail is a multi-tenant, single-story property that was 100% pre-leased to AT&T, Dunkin Donuts and Mattress Firm.
Ponce Office Building
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
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 …
AC Hotel
Thomas D. Wood secured a $32,100,000 construction loan for the Robert Fivarb’s Companies to develop the AC Hotel South Beach. Though AC Hotel is a Marriott Flag, it is new to the US market, and it was important to find a lender who understood the success of the brand. The AC Hotels were founded in Spain in 1998, and are …
