Seven Hills Realty Trust Provides $16M Bridge Loan For Retail Property In Delray Beach

The retail property located at 14802 S Military Trail in Delray Beach was involved in a closed transaction. The property spans an area of 86,043 square feet and is situated in the Delray Beach market.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $16,000,000
• Address: 14802 S Military Trail
• Market: Delray Beach
• Lender: Seven Hills Realty Trust (Nasdaq: SEVN) – David Ross
• Landlord: BBB Plaza Associates LTD – Michael Kanoff
• Brokers: Justin Neelis & Daniel Rafael Rojo - Concord Summit Capital

The loan for this transaction was provided by Seven Hills Realty Trust, with David Ross as the representative. The landlord involved in the deal is BBB Plaza Associates LTD, represented by Michael Kanoff. The brokers for this transaction were Justin Neelis and Daniel Rafael Rojo from Concord Summit Capital.

The loan amount for this transaction was $16,000,000. It was a bridge loan with the following terms: Bridge Loan, 70% LTV, Non-Recourse.