Seven Hills Realty Trust announced investments in three new first mortgage loans totaling $101.3 million. The loans include:
A recently originated $37.3 million first mortgage loan secured by Mazza Grandmarc, a 628-bed (232-unit) student housing property in College Park, Md. The property primarily serves students at the University of Maryland and benefits from strong enrollment-driven demand in the College Park market. The loan has an initial term extending through November 2028 and two 12-month extension options.
The acquisition of a $37 million first mortgage loan secured by SpringHill Suites, a 168-room, Marriott-branded hotel built in 2022 in Revere, Mass. The property offers ocean views, modern amenities, close proximity to Boston Logan Airport and strong year-round demand drivers. The loan has an initial term extending through July 2026 and three 12-month extension options.
The acquisition of a $27 million first mortgage loan secured by a 138,000
