MIAMI-A Strategic Alliance Mortgage LLC member, Thomas D. Wood and Company has secured $3.6-million financing for the Shoppes of Village Pointe situated at 6018 SW 18th St. in Boca Raton. The loan was arranged through The Standard Life Insurance Company.
The fixed-rate loan has a five-year term, and it gets adjusted every five years. The loan-to-value of the received loan is 30%. The retail center measuring 73,000 square feet was constructed in 1985. For the full story, go to Florida Real Estate Journal.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.