Seven Hills Realty Trust Closes $34.5 Million Mortgage Loan to Refinance a Mixed-Use Property on Manhattan’s Upper West Side
Seven Hills Realty Trust (SEVN)
Company Research
Source: Business Wire
NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $34.5 million floating rate first mortgage loan to refinance 2875 Broadway, a 23,300 square foot mixed-use retail and medical office property located on Manhattan’s Upper West Side.The loan has a two-year initial term with three one-year extension options, subject to the borrower satisfying certain conditions. SEVN’s manager, Tremont Realty Capital, was introduced to the transaction by Meridian Capital Group, an advisor to TPG Angelo Gordon and Premier Equities, who are sponsors of the deal.Tom Lorenzini, President and Chief Investment Officer of SEVN, made the following statement:“The financing of 2875 Broadway is consistent with our strategy of originating first mortgage loans supported by experienced sponsors. This mixed-use asset on Manhattan’s Upper West Side is fully leased to a diverse group of national retailers and long-term medical tenants, providing stable cash flows
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News
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SEVN
Earnings
- 7/28/25 - In-Line
SEVN
Sec Filings
- 12/4/25 - Form 25-NSE/A
- 12/4/25 - Form SCHEDULE
- 11/10/25 - Form 8-K
- SEVN's page on the SEC website