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Seven Hills closes $31m bridge loan to acquire student housing property near Texas State University
Transactions - JANUARY 21, 2025

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Seven Hills closes $31m bridge loan to acquire student housing property near Texas State University

by Released

Seven Hills Realty Trust announced the closing of a $31.2 million first mortgage floating rate bridge loan to acquire The Lodge, a 696-bed/258-unit student housing property located near the 40,000-student Texas State University in San Marcos, Texas.

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 transaction by Walker & Dunlop, which advised Palladius Capital Management, the sponsor.

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