New Mortgage Loans

Seven Hills Realty Trust (Nasdaq: SEVN) closed two new first‑mortgage loan investments totaling $37.0 million. The loans are secured by a retail center and a hospitality property: Town Center Plaza in Palm Desert, California—anchored by nationally recognized retailers—and SpringHill Suites Scottsdale in Arizona, a newly constructed Marriott‑branded hotel. Both loans carry three‑year initial terms with two optional one‑year extensions that activate only if the borrower satisfies specified conditions. The transactions were introduced to SEVN’s manager, Tremont Realty Capital, by Palmer Capital and JLL on behalf of experienced sponsors. Tom Lorenzini, SEVN’s President and Chief Investment Officer, said the additions expand the company’s portfolio with high‑quality assets in established markets and align with its underwriting standards, enhancing SEVN’s investment focus and supporting continued growth.