Seven Hills Realty Trust Closes $22.7 Million First Mortgage Loan to Refinance a Medical Office Property in Sugar Land, Texas
Seven Hills Realty Trust closed a $22.7 million first mortgage loan to refinance Sugar Land Medical Plaza, a 120,000-square-foot medical office property in Sugar Land, Texas. The loan features a three-year initial term with two one-year extension options, subject to borrower conditions. The transaction was brought to SEVN’s manager, Tremont Realty Capital, by Colliers on behalf of sponsors Harrison Street and Pinecroft Realty.
Key figures
- Loan amount
- 22700000
- Loan term years
- 3
- Property size sqft
- 120000
AI analysis
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