-Seven Hills Realty Trust announced the closing of a $17.3 million first mortgage floating rate bridge loan to recapitalize a recently constructed 130-room Home2 Suites by Hilton hotel located at 20001 N. Scottsdale Road in Scottsdale, Arizona. 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 CBRE, which advised the joint venture sponsorship of Highgate and Rockpoint.
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- Seven Hills Realty Trust Closes $17.3 Million Bridge Loan to Recapitalize A New Hotel in Scottsdale, Arizona