Wood Investments Companies Secures $39.1M Loan For Meridian, ID Shopping Centers

Wood Investments Companies, Inc. has secured a total of $39.1 million in permanent loans for two prominent retail properties in Meridian, Idaho. The first property, Gateway Marketplace, received a loan amount of $16.5 million with a fixed 5.78% interest rate for a five-year term. The second property, CentrePoint Marketplace, secured a loan of $22.6 million at a fixed rate of 6.02% for a ten-year term. Both properties had full lease occupancy during the closing of the loans.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $39,100,000
• Address: 2801 East Overland Road & 3319 N Eagle Rd, Meridian, ID
• Lender: Voya Investment Management
• Landlord: Wood Investments Companies, Inc.
• Brokers: Greg Richardson - Walker & Dunlop; Tim Winton - Keystone Mortgage Corporation

Greg Richardson from Walker & Dunlop, along with Tim Winton from Keystone Mortgage Corporation, played instrumental roles as brokers in this loan transaction.