Seven Hills Realty Trust Enters Into A $125 Million Master Repurchase Facility With Wells Fargo Bank, N.A.
Mar 14, 2022•over 3 years ago
Amount Raised
$125 Million
Description
Seven Hills Realty Trust (Nasdaq: SEVN) today announced that it has entered into an agreement for a $125 million master repurchase facility with Wells Fargo Bank, National Association (“Wells Fargo”), which SEVN may use to leverage its commercial mortgage loan investments, subject to customary requirements. The facility has a three-year term, provides for advances of up to 80% of a whole loan investment and has an accordion feature to increase the facility to $250 million. Interest on advances under the facility will be calculated at SOFR plus a competitive margin.
FundzWatch™ Score
85
Medium Activity
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