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Stock impact report

Seven Hills Realty Trust Closes $18.5 Million Bridge Loan to Refinance a Student Housing Property Near Baylor University

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 fully funded $18.5 million first mortgage floating rate bridge loan to refinance LL Sams, a 271-bed student housing property directly adjacent to the Baylor University campus in Waco, Texas.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 JLL, which advised Shore to Shore Properties, Inc., the Sausalito, California based sponsor.Tom Lorenzini, President and Chief Investment Officer of SEVN, made the following statement:“We remain focused on taking advantage of well-secured Read more
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