Tuesday, February 8, 2011

TD Wood Brokers $5 Million Loan in Pembroke Park, FL

 MIAMI, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $5,068,000 for Carolina 31st Corporation in Pembroke Park, Florida.

Marshall Smith (top right photo), Company Executive Vice President, secured financing for Carolina 31st Corporation through Thomas D. Wood & Company’s correspondent relationship with Advantus Capital Management. 

The fixed-rate loan has a term of 10 years, based on a 22-year amortization and an interest rate of 5.15%.  The loan-to-value is 65%.  The 158,000 square-foot industrial building was built in 1980 and is located at 1800-2000 SW 31st Avenue, Pembroke Park, Florida.

For further information, please contact:
Marshall Smith, (305) 447-7825, msmith@tdwood.com
Jessica Kinnee, (407) 937-0470, jkinnee@tdwood.com

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