Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Seven Hills Realty Trust > News item |
Seven Hills Realty signs $25.3 million first mortgage bridge loan
By Marisa Wong
Los Angeles, Oct. 12 – Seven Hills Realty Trust announced it closed a $25.3 million first mortgage floating-rate bridge loan to refinance two Life Storage branded self-storage facilities located in Atlanta and Fayetteville, Ga., according to a press release.
The loan has a three-year initial term with two one-year extension options, subject to the borrower meeting certain requirements.
The trust’s manager, Tremont Realty Capital, was introduced to the transaction by Talonvest Capital, which advised the joint venture sponsorship of Castle Hill Investors and Olympus Ventures LLC.
Seven Hills is a Newton, Mass.-based real estate investment trust that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.