Tampa, FL – October 14, 2014 – The Tampa Office of Thomas D. Wood Company, a Strategic Alliance Mortgage LLC member, secured $16,743,409 in commercial mortgage transactions for properties located in Florida, North Carolina, and South Carolina. Interest rates continue to stay as low as 4.0%, contributing to the increase in successful closings.
Company Senior Vice President Doug Rozzell secured construction financing for Viera Phase III and Phase IV in the amount of $8,729,959 through Thomas D. Wood and Company’s relationship with a local bank. The two retail centers will be built on 6.67 acres of land in Melbourne, Florida, and will be home to major tenants PetsMart, Buffalo Wild Wings and Tijuana Flats.
Rozzell obtained financing for University Terrace in the amount of $3,850,000 through Thomas D. Wood and Company’s relationship with a regional bank. The permanent loan has a term of 10 years, based on a 25-year amortization and an interest rate of 4.10%. The 7,426 square-foot retail center was built in 2008 and is located in Orlando, Florida.
Rozzell secured construction financing for Harbison Shoppes in the amount of $2,759,450. The construction/mini-permanent loan has a term of two years based on a 25-year amortization, with the first year interest-only. The 7,400 square-foot retail center is currently being built on 0.51 acres of land in Columbia, South Carolina.
Rozzell obtained financing for the Shoppes at Vista Lakes in the amount of $900,000. Rozzell refinanced the property, providing the borrower a fixed-rate fully-amortizing loan with a term of 15 years. The 8,470 square-foot retail property is located in Orlando, Florida.
Rozzell also secured a bridge loan in the amount of $504,000 for undeveloped commercial land in Asheville, North Carolina.
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.