Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CORAL GABLES, FL-A locally based buyer identified as Atrium San Remo Corp. obtained a loan of just over $22.1 million to acquire the 161,000-sf Atrium San Remo office property here.

The loan is for a 10-year term, and the first five years are for interest only. Marshall Smith, EVP in the Miami office of locally based Thomas D. Wood and Co., arranged the financing at an undisclosed rate of interest. The lender is John Hancock, which has a correspondent relationship with Wood.

Wood’s servicing portfolio now approaches $1 billion, according to Smith. The firm has correspondent relationships with 12 life insurance companies and with Wall Street lenders. The portfolio consists of long-term mortgages on assets that encompass the full spectrum of commercial real estate properties throughout Florida.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.