Seven Hills Realty Trust announced the closing of a $24.8 million first mortgage floating-rate bridge loan to refinance Centerpoint Plaza, a 98,000 square foot multi-tenant office property located at 5910 Priestly Drive in Carlsbad, California. An initial advance of approximately $23.7 million was funded at closing with future advances of approximately $1.1 million available for tenant improvements, leasing commissions and capital expenditures. The loan is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements. SEVN?s manager, Tremont Realty Capital, was introduced to the transaction by Newmark.