Newton, MA-based Seven Hills Realty Trust has closed two first mortgage bridge loans in an aggregate principal amount of $53.3 million with aggregate initial advances of $49.2 million.

SEVN closed a $37.3 million first mortgage floating-rate bridge loan to finance the acquisition of Aspen Heights, a 958-bed student housing property located in Starkville, MS near Mississippi State University. The loan is structured with a three-year initial term and two one-year extension options. SEVN’s manager, Tremont Realty Capital, was introduced by Jones Lang LaSalle Incorporated, which advised the sponsor, Centurion Property Group.

SEVN closed a $16.0 million first mortgage floating-rate bridge loan to refinance Bed Bath & Beyond Plaza, an 86,000 square foot shopping center located in Delray Beach, FL. The loan is structured with a two-year initial term and two one-year extension options. Tremont Realty Capital was introduced by Concord Summit Capital, which advised the sponsor, Berta Management of Florida.