Seven Hills Realty Trust Invests $37.0 Million in Two New First Mortgage Loans
In Newton, Massachusetts, Seven Hills Realty Trust has confirmed the completion of two new first mortgage loan transactions worth a total of $37.0 million. This includes a $19.5 million floating rate first mortgage loan allocated for the purchase of Town Center Plaza - a grocery-anchored retail property situated in Palm Desert, California. The structure is home to prominent national retail brands and stands as a key component of the established retail hub in the Coachella Valley. The loan period for this transaction spans over three years.
Source: Unusual Whales The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments