Seven Hills Realty Trust has successfully closed a $34.5 million floating rate first mortgage loan to refinance a mixed-use property located at 2875 Broadway on Manhattan's Upper West Side. The property spans 23,300 square feet and comprises retail and medical office spaces. The loan features a two-year initial term with options for three one-year extensions, contingent on certain conditions being met by the borrower. This transaction, facilitated by SEVN's manager Tremont Realty Capital and introduced by Meridian Capital Group, is backed by sponsors TPG Angelo Gordon and Premier Equities. Tom Lorenzini, President and Chief Investment Officer of SEVN, highlighted the investment's alignment with the company's strategy of supporting loans with experienced sponsors, noting that the fully leased asset provides stable cash flows and enhances their portfolio with a high-quality New York City property. This move reaffirms Seven Hills Realty Trust's commitment to generating attractive risk-adjusted returns for its shareholders.