MIAMI, FL--Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $12,432,000 for the CVS Pharmacy in Dorado, Puerto Rico .
Tom Wood, Jr. (top right photo), Company President, secured financing for the CVS Pharmacy through Thomas D. Wood and Company’s relationship with a national lender. The fully-amortizing loan has a term of 25 years, based on a fixed interest rate of 6.79% and a loan-to-value of 90%.
The loan allowed the borrower to purchase the property on a sale/leaseback transaction and lock in an attractive long-term interest rate.
The website may be accessed through http://www.tdwood.com/.
For further information, please contact:
Tom Wood, Jr., (305) 447-78236, tomjr@tdwood.com
Jessica Kinnee, (407) 937-0470, jkinnee@tdwood.com
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