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THOMAS D. WOOD SECURES LOANS FOR TWO FLORIDA APARTMENT PROPERTIES

TAMPA AND PLANT CITY, FLA. — Thomas D. Wood has arranged two loans totaling $1.6 million for two Florida apartment complexes. The Standard Life Insurance Company financed a 25-year, $1.45 million loan for the 72-unit Pepperwood Apartments. The property is located at 13725 Susan Kay Drive in Tampa. The loan carries a 6.9 percent interest rate and a 25-year amortization. Standard Life also financed a $1.15 million loan for the 55-unit Strawberry Place Apartments, located at 1400 Strawberry Place in Plant City, for the same terms. Doug Rozzell of Thomas D. Wood secured the loans.

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