Wallis Bank Finances Preserve Storage Site in Montgomery County

The Preserve Storage has pledged two parcels in a platted subdivision of the same name to Wallis Bank, under a deed of trust recorded Oct. 14 with the Montgomery County Clerk as instrument 2026109469. The note is payable within five years.

Why it matters

The subdivision carries the borrower’s name, which points to a single self-storage site moving through financing rather than a stabilized facility changing hands. A community bank note against one newly platted site fits a local or regional operator, not a national storage REIT adding to a portfolio. For contractors and suppliers, a recorded loan on a platted storage site is an early sign that vertical work could follow.

The numbers

The instrument states a principal sum of $7,125,000, according to the recorded deed of trust. That figure is read from the scanned document by OCR and is flagged UNVERIFIED-AMT: it has not been confirmed beyond the scanned text. The collateral is two parcels in Reserve A, Block 1 of the Preserve Storage subdivision, Abstract 414. Wallis Bank is the lender, with four trustees named on the deed. The note runs five years from its date.

What’s next

A five-year term puts maturity around October 2031, a length typical of construction or bridge debt rather than long-dated permanent financing. Watch Montgomery County Appraisal District records for new improvement value on the Abstract 414 parcels, and county permit filings for the site, either of which would show construction under way. A recorded plat amendment or a release of this lien would be the other signals to track. See the Houston market hub for other Montgomery County capital filings.