Mortgage firm closes nearly $10M in deals

SARASOTA — The area office of Thomas D. Wood and Company, one of the largest independently owned commercial mortgage firms in Florida, recently secured $9.185 million in commercial mortgage transactions on the Gulf Coast.

The deals, led by Thomas D. Wood Senior Vice President Brad Cox, include:

• Affordable Secure Self Storage, Hudson, $1.1 million: The borrower sought to refinance a loan he used to purchase the facility from a distressed seller in 2012, according to a release. Cox helped arrange financing for the borrower with a three-year fixed rate and a 25-year amortization at 4.25%;
• Temple Terrace Business Center, Temple Terrace, $1.2 million: The borrower, according to the release, needed to close on a specific day to satisfy the terms of his existing mortgage. The loan had a fixed rate of 5.05% based on a 15-year term and a 20-year amortization.
• Days Inn Hotel and Tiki Bar, Fort Myers, $1.925 million: A permanent fixed-rate loan with a term of 15 years and a 15-year amortization.
• Plymouth and Regal Shopping Centers, Fort Myers, $4.3 million: A permanent fixed-rate loan with a term of 15 years and a 15-year amortization. Site is a 70,000-square-foot retail property.
• Palm River Business Park, Tampa, $660,000: A permanent fixed-rate loan with a term of 15 years and a 15-year amortization. Site is a 22,500-square-foot industrial/flex property.

Coral Gables-based Thomas D. Wood and Co. was founded in 1974. It has branch offices in Fort Lauderdale, Orlando and Tallahassee, in addition to Sarasota and Tampa.