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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, 2024•over 1 year ago
Contract Type
partnership
NewtonDescription
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.
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Based on industry dataStrategic 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