2002 Transactions

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Tremont Arranges $3,700,000 Financing for Storage Unlimited

Tremont Realty Capital arranged the acquisition and rehabilitation loan for Storage Unlimited, LLC, the developer of a 33,300 square foot self storage property located in Burlington, Massachusetts. The planned development includes 350 climate controlled self storage units.

David Ross, a Managing Director with Tremont Realty Capital's Boston office, arranged the $3,700,000 loan, which was funded through one of Tremont's regional, capital relationships. The 5-year, fixed rate loan provided financing for approximately 80% of the acquisition cost and 85% of the total cost of the project. According to David Ross, "the borrowers were thrilled with the structure and pricing of the acquisition/construction loan. They look forward to bringing the Storage Unlimited facility on-line in April 2003." The facility is very well located at the intersection of Terry Avenue and Route 3A in Burlington, MA and benefits from good visibility and a high traffic count.

For additional information on this transaction, please contact:

David Ross
Managing Director
Email: dross@tremontcapital.com
Phone: 617.867.0700 x773