Tuesday, September 28, 2010

Bayrock Portfolio in Boca Raton, FL Gets $9.495 Million Loan

Boca Raton, FL—Sept. 28, 2010— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $9,495,000 for the Bayrock Portfolio, a portfolio of six single-tenant restaurant and bank properties.

Patrick Madore (top right photo), Company Vice President, secured financing for the Bayrock Portfolio through Thomas D. Wood and Company’s relationship with a local bank. 

 The variable line of credit has a five-year term, and is tied to the Wall Street Journal Prime Rate, adjusting as and when changed.  The full-recourse loan has a loan-to-value of 69%.  The Bayrock Portfolio includes major tenants Burger King, McDonald’s, Capital One Bank and SunTrust Bank, located in five different states.
For further information, please contact:
Patrick Madore (561) 338-9799   pmadore@tdwood.com
Jessica Kinnee  (407) 937-0470  jkinnee@tdwood.com

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