SARASOTA, FL, Mar. 21, 2011— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $6,350,000 for Shoppes of Atlantis and Tamarac Center.Brad Cox (top right photo), Senior Vice President, CCIM, CPM, secured financing for the Shoppes of Atlantis through Thomas D. Wood and Company's correspondent relationship with The Standard in the amount of $3,400,000.
The borrower needed to refinance his current CMBS loan that had matured. The fixed-rate loan has a term of 10 years, based on a 25-year amortization and an interest rate of 6%.
The 70,104 square-foot retail center was built in 1987, and is home to tenants You Fit, Rosalita's Mexican Restaurant, and Atlantis Bar and Grill. The Shoppes of Atlantis is located at 5805-5949 South Congress Avenue, Atlantis, Florida.
Cox also secured financing for the Tamarac Center with The Standard in the amount of $2,950,000.
The borrower needed to refinance his current CMBS loans that had matured. The fixed-rate loan has a term of 10 years, based on a 25-year amortization and an interest rate of 6%.
The 66,403 square-foot retail center was built in 1982 and is home to tenants American Jewelry and Diamonds and University Fitness. Tamarac Center is located at 7118-7186 North University Drive, Tamarac, Florida.
The website may be accessed through http://www.tdwood.com/
.For further information, please contact:
Brad Cox, CCIM, CPM (941) 552-9731 bcox@tdwood.com
Jessica Kinnee (407) 937-0470 jkinnee@tdwood.com
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