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.
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:
Jessica Kinnee (407) 937-0470 jkinnee@tdwood.com
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