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MIAMI-The local office of Thomas D. Wood and Co. arranged financing totaling almost $14.4 million for two separate, unrelated industrial properties. They are the North Miami Business Park and Baitinger Hialeah Warehouses.

The 214,000-sf multi-tenant business park on Northeast 149th Street here obtained approximately $11.4 million at a permanent fixed rate with a 10-year term and 30-year amortization. Marshall Smith, EVP of Thomas D. Wood, arranged the financing through his firm’s correspondent relationship with AIG Global Investment Corp.

Baitinger Hialeah Warehouses, a six-building, 120,000-sf complex in Hialeah that was constructed in the 1960s, obtained just over $3 million at a permanent fixed rate with a 10-year term and 20-year amortization. Smith secured this funding through his company’s correspondent lender relationship with Portland, OR-based StanCorp Mortgage Investors.

Thomas D. Wood is an independently owned commercial mortgage banking firm with a servicing portfolio of close to $1 billion that operates throughout the Southeast. It is headquartered in Coral Gables.

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