Seven Hills Realty Trust Closes $17.8 Million Bridge Loan to Finance the Acquisition of a Multifamily Property in Virginia

NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $17.8 million first mortgage floating rate bridge loan to finance the acquisition of the Hilton Village Townhomes, a 160-unit apartment complex located at 531 Bulkeley Place in Newport News, Virginia. The loan has a three-year initial term with two one-year extension options, subject to the borrower meeting certain requirements. SEVN’s manager, Tremont Realty Capital, was introduced to the t