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Washington DC & Mid-Atlantic  + Maryland  + Student Housing  | 

Tremont Realty Capital Closes $37M Loan for Maryland Student Housing Property

Tremont Realty Capital, the commercial real estate finance division of The RMR Group, has provided a $37 million loan for a student housing property in Maryland.

The recently originated $37.3 million first mortgage loan secured by Mazza Grandmarc, a 628-bed, 232-unit, student housing property in College Park. The property primarily serves students at the University of Maryland and benefits from strong enrollment-driven demand in the College Park market.

The loan has an initial term extending through November 2028 and two 12-month extension options. The deal was part of three new first mortgage loans totaling $101.3 million in transactions closed by Seven Hills Realty Trust.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.