Tampa, FL – January 7, 2014 –Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $23,000,000 for the Burlington Town Center in Burlington, Vermont.
Doug Rozzell, Senior Vice President, secured financing for the purchase of Burlington Town Center through Thomas D. Wood and Company’s relationship with a national private fund. The non-recourse bridge loan is interest-only for 36 months, based on an interest rate of 30-day LIBOR + 5.75%. The loan-to-value is 75%, and loan-to cost is 85%. The 220,426 square-foot mixed-use office and retail property was built in 1979, and renovated in 2001. Burlington Town Center is located at 49 Church Street, Burlington, Vermont.
The Tampa office of Thomas D. Wood and Company financed nearly $60,000,000 in commercial loans in 2013, which contributed to company-wide closings of more than $350,000,000.
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, 3665 Bee Ridge Road, Suite 210, Sarasota, Florida 34233, 8509 Benjamin Road, Suite E, Tampa, Florida 33634, 2500 N. Military Trail, Suite 200, Boca Raton, Florida 33431 and 2580 Care Drive, Suite 1, Tallahassee, Florida 32308. The website may be accessed through www.tdwood.com.