Seven Hills AG真人官方ty Trust Closes $18 Million Bridge Loan to Refinance a Multifamily Property in Boise, Idaho
The loan has a three-year initial term with two one-year extension options, subject to the borrower meeting certain requirements. SEVN鈥檚 manager, , was introduced to the transaction by , as advisor to , the
, President and Chief Investment Officer of SEVN, made the following statement:
鈥淭his investment reflects our continued focus on providing capital to experienced sponsors and financing well-located properties with a path to value creation. Curtis Junction was recently fully renovated and is well positioned to capitalize on the solid fundamentals of the
About Seven Hills AG真人官方ty Trust
Seven Hills AG真人官方ty Trust (Nasdaq: SEVN) is a real estate investment trust, or REIT, that originates and invests in first mortgage loans secured by middle market transitional commercial real estate. SEVN is managed by , an affiliate of Group (Nasdaq: RMR), a leading
WARNING CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These statements may include words such as 鈥渂elieve,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渋ntend,鈥� 鈥減lan,鈥� 鈥渆stimate,鈥� 鈥渨ill,鈥� 鈥渕ay鈥� and negatives or derivatives of these or similar expressions. These forward-looking statements include, among others, statements about the performance of certain properties, as well as SEVN鈥檚 investment focus and pipeline, and its ability to complete additional lending opportunities and generate attractive risk-adjusted returns for its shareholders. Forward-looking statements reflect SEVN鈥檚 current expectations, are based on judgments and assumptions, are inherently uncertain and are subject to risks, uncertainties and other factors, which could cause SEVN鈥檚 actual results, performance or achievements to differ materially from expected future results, performance or achievements expressed or implied in those forward-looking statements. Some of the risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, the following: the ability of SEVN to make additional investments; the success of SEVN鈥檚 investments; SEVN鈥檚 available liquidity, access to capital and cost of capital; and various other matters. These risks, uncertainties and other factors are not exhaustive and should be read in conjunction with other cautionary statements that are included in SEVN鈥檚 periodic filings with the Securities and Exchange Commission, or SEC. The information contained in SEVN鈥檚 filings with the SEC, including under the caption 鈥淩isk Factors鈥� in its periodic reports, or incorporated therein, identifies important factors that could cause SEVN鈥檚 actual results to differ materially from those stated in or implied by SEVN鈥檚 forward-looking statements. SEVN鈥檚 filings with the SEC are available on the SEC鈥檚 website at . You should not place undue reliance upon forward-looking statements. Except as required by law, SEVN does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.
A Maryland AG真人官方 Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
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Matt
(617) 796-8253
Source: Seven Hills AG真人官方ty Trust
