REBusinessOnline

THOMAS D. WOOD FINANCES FORT LAUDERDALE OFFICES

FORT LAUDERDALE, FLA. — Thomas D. Wood & Co.’s Tom Wood, Jr., and Ben Jimenez recently secured $8 million in financing for the 84,000-square-foot Bayview Offices, located at 1040 Bayview Dr. in Fort Lauderdale, which is home to tenants including Corinthian Colleges and Bank of America. The loan comes at a fixed rate of 6.25 percent for 5 years, and the loan term is 10 years with a 25-year amortization. A regional bank financed the loan, which has a loan-to-value rate of 67 percent.

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