NEWTON, Mass.--(BUSINESS WIRE)-- Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of an $18 million first mortgage floating rate bridge loan to refinance Curtis Junction, a recently renovated 112-unit multifamily property in Boise, Idaho.

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 Berkadia, as advisor to RanchHarbor, the Newport Beach, California based sponsor.

Tom Lorenzini, President and Chief Investment Officer of SEVN, made the following statement:

“This investment reflects our continued focus on providing capital to experienced sponsors and financing well-located properties with a path to value creation. Curtis Junction was recently fully renovated and is well positioned to capitalize on the solid fundamentals of the Boise multifamily market. Our investment pipeline remains strong, and we are actively pursuing additional lending opportunities that present attractive risk-adjusted returns for our shareholders.”

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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 over $37 billion in assets under management and more than 40 years of institutional experience in buying, selling, financing and operating commercial real estate. For more information about SEVN, please visit www.sevnreit.com.