Seven Hills Realty Trust Closes $16.0 Million Bridge Loan to Recapitalize a Hotel in Orlando, Florida
Seven Hills Realty Trust (SEVN)
Company Research
Source: Business Wire
NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $16.0 million first mortgage floating rate bridge loan secured by the Home2 Suites by Hilton Lake Mary Orlando, a recently constructed 123-room extended-stay hotel located at 582 New Technology Blvd in Lake Mary, Florida.The loan has a three-year initial term with two one-year extension options, subject to the borrower meeting certain requirements. SEVN’s manager, Tremont Realty Capital, was introduced to the transaction by Highgate, a New York City based sponsor and a repeat borrower of SEVN.Tom Lorenzini, President and Chief Investment Officer of SEVN, made the following statement:“This transaction exemplifies SEVN’s ability to close deals in a competitive and challenging market, while also enhancing the diversity of our portfolio with a premium hotel asset. The property is well located, situated within the Lake Mary Wellness and Technology Park, approximately 15 miles north
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SEVN
News
- Seven Hills Realty Trust (NASDAQ: SEVN) is now covered by analysts at Janney Montgomery Scott. They set a "buy" rating and a $15.00 price target on the stock.MarketBeat
- Seven Hills Realty Trust Announces Second Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Seven Hills Realty Trust Announces Second Quarter 2024 ResultsBusiness Wire
- Seven Hills Realty Trust Announces Quarterly Dividend on Common SharesBusiness Wire
- Seven Hills Realty Trust Closes $23.8 Million Mortgage Loan to Recapitalize a Self-Storage Property in Los AngelesBusiness Wire
SEVN
Sec Filings
- 9/19/24 - Form 4
- 9/19/24 - Form 4
- 9/19/24 - Form 4
- SEVN's page on the SEC website