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Seven Hills Realty Trust announced the closing of a $37.5 million first mortgage bridge loan to refinance The Union at Auburn

Seven Hills Realty Trust Closes $37.5 Million Loan to Refi Auburn Student Housing

Seven Hills Realty Trust announced the closing of a $37.5 million first mortgage bridge loan to refinance The Union at Auburn, a 501-bed Class A student housing property located at the Auburn University campus.

The loan is structured with a 30-month initial term and one 12-month extension option, subject to the borrower meeting certain requirements. This is the second Seven Hills Realty Trust transaction with Boston-based WFI.

“We remain focused on investment opportunities that present attractive risk adjusted returns in today’s lending environment,” said Tom Lorenzini, President of Seven Hills Realty Trust. “The Union at Auburn loan was made to a repeat sponsor for the refinancing of a recently developed Class A student housing community located less than a mile from the Auburn University campus. (Our) pipeline remains active and we have ample liquidity to capitalize on additional opportunities in the months ahead.” 


Inside The Story

About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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