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Seven Hills Realty Trust Enters $125M Master Repurchase Facility with Wells Fargo
Newton, MA-based Seven Hills Realty Trust has entered into an agreement for a $125-million master repurchase facility with Wells Fargo Bank, National Association, which the trust may use to leverage its commercial mortgage loan investments.
The facility has a three-year term, provides for advances of up to 80% of a whole loan investment and has an accordion feature to increase the facility to $250 million. Interest on advances under the facility will be calculated at SOFR plus a competitive margin.
“In combination with SEVN’s existing secured financings, this repurchase facility increases the company’s total debt capacity to more than $750 million, providing ample runway to expand our investment portfolio to nearly $1 billion in total committed capital,” said Doug Lanois, Seven Hills Realty Trust CFO and treasurer.
Seven Hills Realty Trust is managed by Tremont Realty Capital, an affiliate of The RMR Group.
- ◦Financing
