Seven Hills Realty Trust Lands $24M Mortgage Loan for SoCal Storage Facility – Commercial Observer
Newton, Mass.-based Seven Hills Realty Trust has got its hands on a $23.8 million mortgage for a Los Angeles storage facility, the REIT’s manager, Tremont Realty Capital, announced on Monday. Staley Point Capital provided the floating-rate, three-year initial term loan toward the 80,000-square-foot Extra Space Storage facility at 2515 South Broadway, south of Downtown L.A.
