MIAMI, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $4,820,750 for McLeod I, LLC, 6320-6330 McLeod, LLC, McLeod IV, LLC and South Tryon BK Realty, LLC.
Steve Wood (top right photo), Company Chief Operating Officer, along with Tony Castrignano of Sky Mesa Capital and Realty secured financing for McLeod I through Thomas D. Wood and Company’s correspondent relationship with The Standard Life Insurance Company in the amount of $2,000,000.
The fixed-rate loan has a term of five years, with a rate reset every five years, based on a 25-year amortization and an interest rate of 5.875%. The loan-to-value is 75%. The 25,030 square-foot office building was built in 1998, and is located at 6372, 6392 and 6396 McLeod Drive, Las Vegas, Nevada.
Wood, along with Castrignano, secured financing for 6320-6330 McLeod with The Standard Life Insurance Company in the amount of $950,000.
The fixed-rate loan has a term of five years, with a rate reset every five years, based on a 25-year amortization and an interest rate of 5.50%. The loan-to-value is 68%. The 15,665 square-foot office building was built in 1999, and is located at 6320-6330 McLeod Drive, Las Vegas, Nevada.
Wood and Castrignano also secured financing for McLeod IV with The Standard Life Insurance Company in the amount of $1,320,750. The fixed-rate loan has a term of five years, with a rate reset every five years, based on a 25-year amortization and an interest rate of 5.50%.
The loan-to-value is 73%. The 20,455 square-foot office building was built in 1999, and is located at 6380 McLeod Drive, Las Vegas, Nevada.
Wood, along with Matt Fuller of Franklin Street Capital Advisors, secured financing for South Tryon BK Realty through Thomas D. Wood and Company’s correspondent relationship with Summit Investment Advisors in the amount of $550,000.
The full-amortizing loan has a term of 15 years and an interest rate of 6.25%. The loan-to-value is 45%. The ground was leased to Burger King for 20 years and is located at 8943 S. Tryon Street, Charlotte, North Carolina.
The website may be accessed through www.tdwood.com.
For further information, please contact:
Steve Wood, (305) 447-7836, swood@tdwood.com
Jessica Kinnee, (407) 937-0470, jkinnee@tdwood.com
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