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Jax Daily Record Friday, Mar. 20, 202005:00 AM EST

Thomas D. Wood and Co. arranges $43 million to finance marina projects

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The Miami office worked with the St. Augustine Shipyard and Marine Center and the Beach Marine Marina.

The Miami office of Thomas D. Wood and Co. announced March 18 it arranged the $43 million financing for the acquisition of St. Augustine Shipyard and the Jackssonville Beach, Beach Marine Marina and the refinance of St. Augustine Marine Center.  

It announced:

• In November, President Tom Wood Jr. secured $12 million in financing for the acquisition of St. Augustine Shipyard. The shipyard comprises a dry boat storage barn and marina with 22 acres of land that can be developed. The marina can accommodate up to 297 vessels. Financing was provided by a local bank.

• In December, Wood secured $12 million in financing for St. Augustine Marine Center, a full-service marina on 28.64 acres with 97,508 square feet of office and warehouse space, two service buildings, 2,200 linear feet of dockage, and dry storage. Financing was provided by a local bank.  

•  In January, Wood secured $19 million in financing for the acquisition of Beach Marine, a 257-space dry storage barn, 127 wet slips, and 34,538 square feet of commercial space with a waterfront bar and grill. Financing was provided by a New York Investment Bank.

Thomas D. Wood and Company is a privately held real estate investment banking firm specializing in Florida commercial real estate markets. 

The company said it had correspondent relationships with 25 major life insurance companies. 

Thomas D. Wood Jr., co-founder and president of Thomas D. Wood and Co., is a partner in Windward Marina Group, owner of the marina properties.

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