Seven Hills Realty Trust announced the closing of a $34.5 million floating rate first mortgage loan to refinance 2875 Broadway. This property is a 23,300 square foot mixed-use retail and medical office building located on Manhattan’s Upper West Side.
This new loan adds to SEVN's diversified portfolio, expanding its presence in urban markets and mixed-use asset classes. The investment aligns with the company's strategy to identify and secure attractive lending opportunities.
The transaction reinforces SEVN's commitment to deploying capital into well-secured properties with strong underlying fundamentals. This contributes to the company's overall loan commitments and potential for future earnings.
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