MIAMI, FL, April 4, 2011— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $4,000,000 for Melson Corporation, 3A3B, Ltd., and Park 25 Corporation.
Marshall Smith (top right photo), Company Executive Vice President, secured financing for Melson Corporation through Thomas D. Wood and Company's correspondent relationship with The Standard in the amount of $1,000,000.
The fixed-rate, fully-amortizing loan has a term of 15 years, based on an interest rate of 6.375%. The loan-to-value is 50%. The 40,000 square-foot multi-tenant industrial building was built in 1980, and is home to major tenant Rainbow Tile. Melson Corporation is located at 1800 N. Powerline Road, Pembroke Park, Florida.
Smith secured financing for 3A3B, Ltd., in the amount of $1,500,000 through Thomas D. Wood and Company's correspondent relationship with Advantus Capital Management.
The fixed-rate loan has a 10-year term, based on a 20-year amortization and an interest rate of 5.15%. The loan-to-value is 50%. The 68,000 square-foot industrial building was built in 1985, and is located at 3126 Park Road, Pembroke Park, Florida.
Smith also secured financing for Park 25 Corporation through Advantus Capital Management in the amount of $1,500,000. The fixed-rate loan has a 10-year term, based on a 20-year amortization and an interest rate of 5.15%. The loan-to-value is 50%. The 45,000 square-foot industrial building was built in 1985 and is located at 3126 John P. Curci Drive, Pembroke Park, Florida.
Contact:
Marshall Smith (305) 447-7825 msmith@tdwood.com
Jessica Kinnee (407) 937-0470 jkinnee@tdwood.com
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