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
Show less
Read more
Impact Snapshot
Event Time:
SEVN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SEVN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SEVN alerts
High impacting Seven Hills Realty Trust news events
Weekly update
A roundup of the hottest topics
SEVN
News
- Seven Hills Realty Trust Announces Third Quarter 2024 ResultsBusiness Wire
- Seven Hills Realty Trust Announces Quarterly Dividend on Common SharesBusiness Wire
- Retail investors account for 55% of Seven Hills Realty Trust's (NASDAQ:SEVN) ownership, while institutions account for 31% [Yahoo! Finance]Yahoo! Finance
- Seven Hills Realty Trust Third Quarter 2024 Conference Call Scheduled for Tuesday, October 29thBusiness Wire
SEVN
Earnings
- 10/28/24 - Miss
SEVN
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- 11/8/24 - Form SC
- SEVN's page on the SEC website