{"id":775635,"date":"2022-03-31T20:00:51","date_gmt":"2022-03-31T18:00:51","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/seven-hills-realty-trust-closes-42-5-million-bridge-loan-to-finance-the-acquisition-of-brandywine-crossing-shopping-center-in-maryland\/"},"modified":"2023-07-10T22:35:36","modified_gmt":"2023-07-10T20:35:36","slug":"seven-hills-realty-trust-closes-42-5-million-bridge-loan-to-finance-the-acquisition-of-brandywine-crossing-shopping-center-in-maryland","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/seven-hills-realty-trust-closes-42-5-million-bridge-loan-to-finance-the-acquisition-of-brandywine-crossing-shopping-center-in-maryland\/","title":{"rendered":"Seven Hills Realty Trust Closes $42.5 Million Bridge Loan to Finance the Acquisition of Brandywine Crossing Shopping Center in Maryland"},"content":{"rendered":"NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $42.5 million first mortgage floating-rate bridge loan to finance the acquisition of Brandywine Crossing, a grocery anchored shopping center located at 15802 Crain Highway in Brandywine, Maryland.\n\n\n\nAn initial advance of approximately $42.2 million was funded at closing with future advances of $300,000 available for leasing capital. The loan is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements. SEVN\u2019s manager, Tremont Realty Capital, was introduced to the transaction by the sponsor, First National Realty Partners.\n\n\nTom Lorenzini, President of SEVN, made <div class=\"leaky_paywall_message_wrap\"><div id=\"leaky_paywall_message\"><a href=\"https:\/\/bebeez.it\/abbonati\/\">Abbonati<\/a> o <a href=\"https:\/\/bebeez.it\/mio-account\/\">Accedi<\/a> per leggere il resto di questo contenuto.<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>NEWTON, Mass.&#8211;(BUSINESS WIRE)&#8211;Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $42.5 million first mortgage floating-rate bridge loan to finance the acquisition of Brandywine Crossing, a grocery anchored shopping center located at 15802 Crain Highway in Brandywine, Maryland. An initial advance of approximately $42.2 million was funded at closing with future advances [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-775635","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Seven Hills Realty Trust Closes $42.5 Million Bridge Loan to Finance the Acquisition of Brandywine Crossing Shopping Center in Maryland - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/seven-hills-realty-trust-closes-42-5-million-bridge-loan-to-finance-the-acquisition-of-brandywine-crossing-shopping-center-in-maryland\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seven Hills Realty Trust Closes $42.5 Million Bridge Loan to Finance the Acquisition of Brandywine Crossing Shopping Center in Maryland - BeBeez\" \/>\n<meta property=\"og:description\" content=\"NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $42.5 million first mortgage floating-rate bridge loan to finance the acquisition of Brandywine Crossing, a grocery anchored shopping center located at 15802 Crain Highway in Brandywine, Maryland. 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