CORAL GABLES, FL -- Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of
- $7,665,000 for six Stor-All Self Storage facilities.
- $1,900,000 for Boyton Beach Stor-All Self Storage,
- $1,685,000 for Johnson Ferry Stor-All Self Storage,
- $1,265,000 for Tucker Stor-All Self Storage,
- $1,025,000 for Dunwoody Stor-All Self Storage,
- $945,000 for Coastal Stor-All Self Storage
- $845,000 for Decatur Stor-All Self Storage all through Thomas D. Wood and Company's correspondent relationship with The Standard Life Insurance Company.
Steven H. Wood (top right photo), Company Chief Operating Officer, secured financing for the Boyton Beach Stor-All Self Storage (top left photo) in the amount of $1,900,000. The permanent, fully-amortizing, partial-recourse loan has a term of 25 years, based on an interest rate of 5.50% and a loan-to-value of 59%.
The 62,430 square-foot self storage building, located on 4.44 acres of land, was built in 1989 and 1991, and is located at 4390 Hypoluxo Road, Lantana, Palm Beach County, Florida 33462.
Wood also secured financing for Johnson Ferry Stor-All Self Storage (middle right photo) in the amount of $1,685,000. The permanent, fully-amortizing, non-recourse loan has a term of 25 years, based on an interest rate of 5.50% and a loan-to-value of 41%. The 73,703 square-foot self storage building, located on 4.57 acres of land, was built in 1990 and 1994, and is located at 4365 Johnson Ferry Place NE, Marietta, Cobb County, Georgia 30068.
Wood secured financing for Tucker Stor-All Self Storage in the amount of $1,265,000. The permanent, fully-amortizing, non-recourse loan has a term of 25 years, based on an interest rate of 5.50% and a loan-to-value of 36%. The 97,240 square-foot self storage building, located on 5.53 acres of land, was built in 1973 and renovated in 1993. The property is located at 1750 Montreal Circle, Tucker, DeKalb County, Georgia 30084.
Wood also secured financing for Dunwoody Stor-All Self Storage (lower left photo) in the amount of $1,025,000. The permanent, fully-amortizing, non-recourse loan has a term of 25 years, based on an interest rate of 5.50% and a loan-to-value of 26%. The 68,560 square-foot self storage building, located on 1.85 acres of land, was built in 1994. The property is located at 4340 Dunwoody Park South, Dunwoody, DeKalb County, Georgia 30038.
Wood secured financing for Coastal Stor-All Self Storage in the amount of $945,000. The permanent, fully-amortizing, non-recourse loan has a term of 25 years, based on an interest rate of 5.50% and a loan-to-value of 54%. The 46,230 square-foot self storage building, located on 3.30 acres of land, was built in 1984. The property is located at 6351 Lake Worth Road, Lake Worth, Palm Beach County, Florida 33463.
Wood also secured financing for Decatur Stor-All Self Storage in the amount of $845,000. The permanent, fully-amortizing, non-recourse loan has a term of 25 years, based on an interest rate of 5.50% and a loan-to-value of 33%. The 57,406 square-foot self storage building, located on 3.00 acres of land, was built in 1974 and renovated in 1993. The property is located at 1504 Austin Drive, Decatur, DeKalb County, Georgia 30032.
Contact:
Ashlee E. Wood
Director of Marketing and Public Relations
(305) 447-7834
Steven H. Wood
Chief Operating Officer
(305) 447-7836
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