MIAMI, FL, April 18, 2011— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $2,100,000 for Southern Center Associates I, LP, in Ft. Lauderdale, Florida.
Marshall Smith (top right photo), Company Executive Vice President, secured financing for Southern Center Associates I, LP, through Thomas D. Wood and Company's correspondent relationship with Southern Farm Bureau Life in the amount of $2,100,000.
The fixed-rate loan has a term of 10 years, based on a 25-year amortization and an interest rate of 5.15% The loan-to-value is 50%. The borrower wanted to refinance the loan to lock in a low interest rate.
The 24,000 square-foot multi-tenant office was built in 1985, and is located at 1500 Cordova Road, Ft. Lauderdale, Florida.
The website may be accessed through www.tdwood.com
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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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