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Seven Hills Realty Trust Closes $23.5 Million Bridge Loan To Refinance An Office Building In Downers Grove, Il

Seven Hills Realty Trust Closes $23.5 Million Bridge Loan To Refinance An Office Building In Downers Grove, Il

12/14/21, 9:15 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgnewton
Money raised
$23.5 million
Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $23.5 million first mortgage floating-rate bridge loan to refinance Woodland Corporate Tower, a 185,000 square foot, multi-tenant office property located at 1333 Butterfield Road in Downers Grove, Illinois. 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 CBRE, which advised the sponsor, Stanton Road Capital.

Company Info

Company
Seven Hills Realty Trust
Location
newton, texas, united states