Seven Hills Realty Trust Closes $18.0 Million Bridge Loan to Finance the Acquisition of a Student Housing Property at Iowa State University

Business Wire


NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq:SEVN) today announced the closing of an $18.0 million first mortgage floating-rate bridge loan to finance the acquisition of Aspen Ames, a 422 bed student housing property located at 3306 Lincoln Way in Ames, Iowa, near the Iowa State University campus. An initial advance of approximately $17.7 million was funded at closing with future advances of approximately $300,000 available for capital expenditures. The loan is structured wi

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