Seven Hills Realty Trust (Nasdaq: SEVN) is a real estate finance company advised by Tremont Realty Capital focused on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate.
Operation as a Mortgage REIT
As a mortgage REIT, SEVN’s primary investment objective is to balance capital preservation with generating attractive risk adjusted returns. SEVN seeks to achieve this objective by primarily investing in first mortgage whole loans secured by middle market CRE and transitional CRE.
The first mortgage loans in which SEVN plans to invest will generally have the following characteristics:
- Principal balances of $20 million to $75 million.
- Stabilized LTV ratios generally 75% or less.
- Terms of five years or less.
- Floating interest rates based on SOFR (or other applicable benchmark interest rate index) plus a competitive market spread.
- Non-recourse to sponsors (subject to customary non-recourse carve-out guarantees).
- Well capitalized sponsors with experience investing in the relevant real estate property type.
- Major markets.
The RMR Advantage
Tremont Realty Capital, SEVN’s manager, is a wholly owned subsidiary of The RMR Group LLC. Tremont Realty Capital and SEVN benefit from The RMR Group’s resource rich platform, leveraging its deep industry expertise, “boots on the ground” knowledge and real-time fundamental market data.
Experience
40 years of experience in the commercial real estate industry supported by a network of over 30 offices nationwide.
Real-Time Market Data
Access to real estate market and property level information on a real-time basis.
Economic and Demographic Trends
In depth perspective into economic and demographic trends in targeted markets.
Investment Committee
Tremont Realty Capital has established an investment committee ("Investment Committee") responsible for evaluating mortgage loan origination opportunities and making determinations as to whether or not to fund such loan opportunities, in each case, taking into account SEVN's investment guidelines and considerations, subject to any required approvals by such client. Adam D. Portnoy, Matt Jordan, Tom Lorenzini, and Lindsey Getz serve as members of the Investment Committee.
Transactions
Scroll to view financings provided by Tremont Realty Capital.
Glenridge Medical Center
$30.5 Million First Mortgage Bridge Loan Atlanta, GA Medical Refinancing
Mazza Grandmarc
$37.3 Million First Mortgage Bridge Loan College Park, MD Student Housing Acquisition Finance
2875 Broadway
$34.5 Million First Mortgage Bridge Loan New York, NY Mixed Use Refinancing
Curtis Junction
$18.0 Million First Mortgage Bridge Loan Boise, ID Multifamily Refinancing
Rise At Loop 410
$28.0 Million First Mortgage Bridge Loan San Antonio, TX Industrial Refinancing
Ll Sams
$18.5 Million First Mortgage Bridge Loan Waco, TX Student Housing Refinancing
The Lodge
$31.2 Million First Mortgage Bridge Loan San Marcos, TX Student Housing Acquisition Financing
Club Quarters Boston
$45.0 Million First Mortgage Bridge Loan Boston, MA Hospitality Acquisition Financing
The Domain At Oxford
$42.0 Million First Mortgage Bridge Loan Oxford, MS Student Housing Refinancing
582 New Technology Blvd
$16.0 Million First Mortgage Bridge Loan Lake Mary, FL Hospitality Recapitalization
2515 S Broadway
$23.8 Million First Mortgage Bridge Loan Los Angeles, CA Self-Storage Refinancing
Hilton Village Townhouses
$17.8 Million First Mortgage Bridge Loan Newport News, VA Multifamily Acquisition Financing
Suncoast Park Hotel Anaheim
$29.0 Million First Mortgage Bridge Loan Anheim, CA Hospitality Refinancing
Castle Hill Self-Storage Portfolio
$25.3 Million First Mortgage Bridge Loan Atlanta & Fayetteville, GA Self-Storage Refinancing
Home2 Suites
$17.3 Million First Mortgage Bridge Loan Scottsdale, AZ Hospitality Recapitalization
Woodfield Commerce Center
$27.5 Million First Mortgage Bridge Loan Fountain Inn, SC Industrial Acquisition Financing
The Union At Auburn
$37.5 Million Firm Mortgage Bridge Loan Auburn, AL Student Housing Refinancing
10516 Commerce Way
$24.4 Million First Mortgage Bridge Loan Fontana, CA Industrial Acquisition Financing
153 Linden Street
$47.0 Million First Mortgage Bridge Loan Passaic, NJ Industrial Acquisition Financing
Sunridge Apartment Homes
$29 Million First Mortgage Bridge Loan Las Vegas, NV Multifamily Acquisition Financing
Summit Apartments
$31.5 Million First Mortgage Bridge Loan Farmington Hills, MI Multifamily Acquisition Financing
Brandywine Crossing
$42.5 Million First Mortgage Bridge Loan Brandywine, MD Retail Acquisition Financing
Aspen Heights
$37.3 Million First Mortgage Bridge Loan Starkville, MS Student Housing Acquisition Financing
Bed Bath & Beyond
$16 Million First Mortgage Bridge Loan Delray Beach, FL Retail Refinancing
Charleston Trade Center
$35 Million First Mortgage Bridge Loan Summerville, SC Industrial Acquisition Financing
Gateway Center
$42.5 Million First Mortgage Bridge Loan West Bloomfield, MI Grocery Retail Center Refinancing
Woodland Corporate Tower
$23.5 Million First Mortgage Bridge Loan Downers Grove, IL Office Refinancing
Aspen Ames
$18 Million First Mortgage Bridge Loan Ames, IA Student Housing Acquisition Financing
Bellevue Terrace
$21 Million First Mortgage Bridge Loan Bellevue, WA Office Refinancing
Centerpoint Plaza
$24.8 Million First Mortgage Bridge Loan Carlsbad, CA Office Refinancing
City Center Crossing
$16.5 Million First Mortgage Bridge Loan Atlanta, GA Grocery Retail Center Acquisition Financing
10000 NCX
$50 Million First Mortgage Bridge Loan Dallas, TX Office Acquisition Financing
80 Main
$12.5 Million First Mortgage Bridge Loan Seattle, WA Multifamily Acquisition Financing
Parallax Apartments
$13.4 Million First Mortgage Bridge Loan Portland, OR Multifamily Acquisition Financing
Laurel 42
$19.7 Million First Mortgage Bridge Loan Portland, OR Multifamily Acquisition Financing
Central 500
$27.4 Million First Mortgage Bridge Loan Plano, TX Office Refinancing
Prime Center At Northridge Office Park
$15.3 Million First Mortgage Bridge Loan Westminster, CO Office Refinancing
Interquest Park
$34.3 Million First Mortgage Bridge Loan Colorado Springs, CO Office & Industrial Refinancing
6 And 219 Rockingham Road
$39.2Million First Mortgage Bridge Loan Londonderry, NH Cold Storage Industrial Acquisition Financing
Manufacturing Housing Community
$54.6 Million First Mortgage Bridge Loan Cleveland, OH Refinancing
50forty
$10.9 Million First Mortgage Bridge Loan Miami, FL Office Acquisition Financing
600 Bancroft
$19.1 Million First Mortgage Bridge Loan Berkeley, CA Industrial Refinancing
750 North Commons
$16.5 Million First Mortgage Bridge Loan Aurora, IL Office & Industrial Refinancing
Lazy Acres
$25 Million First Mortgage Bridge Loan Los Angeles, CA Grocery Retail Center Acquisition & Redevelopment Financing
The Lab At Rtp
$21.5 Million First Mortgage Bridge Loan Durham, North Carolina Industrial Acquisition Financing
Finley Point
$30 Million First Mortgage Bridge Loan Downers Grove, IL Office Acquisition Financing
The Blazer Plaza
$22.8 Million First Mortgage Bridge Loan Dublin, Ohio Office Refinancing
Allentown Garage
$14 Million First Mortgage Bridge Loan Allentown, Pennsylvania Parking Garage Refinancing
Orchard Trails – University Of Maine
$18.1 Million First Mortgage Bridge Loan Orono, ME Student Housing Refinancing
1000 Floral Vale
$14.9 Million First Mortgage Bridge Loan Yardley, PA Office Refinancing
Baker Square Shopping Center
$14.5 Million First Mortgage Bridge Loan Omaha, NE Retail Center Acquisition Financing
1711 Caroline Apartments
$28.0 Million First Mortgage Bridge Loan Houston, Texas Refinancing
Barrington Business Center
$37.6 Million First Mortgage Bridge Loan Barrington, New Jersey Acquisition Financing
Woodside Village Shopping Center
$22.9 Million First Mortgage Bridge Loan Coppell, Texas Refinancing
Crittenden Way Apartments
$24.6 Million First Mortgage Bridge Loan Rochester, New York Acquisition Financing
Holiday Inn & Suites Atlanta Airport North
$24 Million First Mortgage Bridge Loan Atlanta, Georgia Refinancing
West Park I, West Park Ii And Pine View Point Office Portfolio
$29.5 Million First Mortgage Bridge Loan St. Louis, Missouri Acquisition Financing
Mountainview Marketplace Retail Center
$12.8 Million First Mortgage Bridge Loan Phoenix, Arizona Acquisition Financing
2 Overhill Road
$14.8 Million First Mortgage Bridge Loan Scarsdale, New York Refinancing
Hampton Inn Jfk
$40.4 Million First Mortgage Bridge Loan Queens, New York Acquisition Financing
675 Bering Drive
$15.2 Million First Mortgage Bridge Loan Houston, Texas Acquisition Financing
Executive Office Tower
$18.1 Million First Mortgage Bridge Loan Metairie, Louisiana Acquisition Financing