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Seven Hills Realty Trust Closes $16.0 Million Bridge Loan with Highgate for Home2 Suites by Hilton Lake Mary Orlando

Sep 10, 2024over 1 year ago

Contract Type

partnership

Newton

Description

Seven Hills Realty Trust (Nasdaq: SEVN) has closed a $16.0 million first mortgage floating rate bridge loan with Highgate, a New York City based sponsor, to recapitalize the Home2 Suites by Hilton Lake Mary Orlando located at 582 New Technology Blvd in Lake Mary, Florida.

Company Information

Company

Seven Hills Realty Trust

Location

Newton, Texas, United States

Predictive Intelligence
Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months