MIAMI-Southern Center Associates I, LP has secured a loan worth$2,100,000 to refinance the loan on its 24,000-square-foot officebuilding located at 1500 Cordova Road in Fort Lauderdale. Thomas D.Wood and Company, a member of Strategic Alliance Mortgage LLC, hasarranged the loan through its correspondent banking relationshipwith Southern Farm Bureau Life.

The 10-year loan with an amortization period of 25 years has afixed interest rate of 5.15%.For the full story, go to Florida Real Estate Journal.


GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.