Seven Hills Realty Trust Closes $28 Million Bridge Loan to Refinance an Industrial Property in San Antonio, Texas
NEWTON, Mass.–(BUSINESS WIRE)–Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $28 million first mortgage floating rate bridge loan to refinance Rise at Loop 410, a 360,000 square foot industrial warehouse distribution facility recently developed in San Antonio, 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 Cushman & Wakefield, which advised Grandview Partners, the Greenwich, Connecticut based sponsor.
Tom Lorenzini, President and Chief Investment Officer of SEVN, made the following statement:
“We continue to actively pursue lending opportunities that enhance the scale and composition of our portfolio. The Rise at Loop 410 loan was originated with a sponsor that brings significant industrial investment experience, and the property’s location in San Antonio’s Northeast submarket provides direct access to key transportation corridors and a growing, skilled workforce. This investment aligns with our focus on deploying capital into compelling, risk-adjusted opportunities that support long-term value creation.”
About Seven Hills Realty Trust
Seven Hills Realty Trust (Nasdaq: SEVN) is a real estate investment trust, or REIT, that originates and invests in first mortgage loans secured by middle market transitional commercial real estate. SEVN is managed by Tremont Realty Capital, an affiliate of The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $40 billion in assets under management and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. For more information about SEVN, please visit www.sevnreit.com.
WARNING CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These statements may include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “will,” “may” and negatives or derivatives of these or similar expressions. These forward-looking statements include, among others, statements about the performance of certain properties, as well as SEVN’s investment focus, ability to complete additional loan investments in the future that grow and diversify SEVN’s portfolio and ability to generate attractive risk adjusted returns for shareholders. Forward-looking statements reflect SEVN’s current expectations, are based on judgments and assumptions, are inherently uncertain and are subject to risks, uncertainties and other factors, which could cause SEVN’s actual results, performance or achievements to differ materially from expected future results, performance or achievements expressed or implied in those forward-looking statements. Some of the risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, the following: the ability of SEVN to make additional investments; the success of SEVN’s investments; SEVN’s available liquidity, access to capital and cost of capital; and various other matters. These risks, uncertainties and other factors are not exhaustive and should be read in conjunction with other cautionary statements that are included in SEVN’s periodic filings with the Securities and Exchange Commission, or SEC. The information contained in SEVN’s filings with the SEC, including under the caption “Risk Factors” in its periodic reports, or incorporated therein, identifies important factors that could cause SEVN’s actual results to differ materially from those stated in or implied by SEVN’s forward-looking statements. SEVN’s filings with the SEC are available on the SEC’s website at www.sec.gov. You should not place undue reliance upon forward-looking statements. Except as required by law, SEVN does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250616105575/en/
Matt Murphy, Manager, Investor Relations
(617) 796-8253
www.sevnreit.com
KEYWORDS: United States North America Texas Massachusetts
INDUSTRY KEYWORDS: REIT Finance Professional Services Commercial Building & Real Estate Construction & Property
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