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.”

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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.