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Seven Hills Realty Trust pr...

Updated Mar 11, 2025

Seven Hills Realty Trust Provides $25.3M Loan For Atlanta & Fayetteville Storage Facilities
FINANCEDIndustrial

Seven Hills Realty Trust Provides $25.3M Loan For Atlanta & Fayetteville Storage Facilities

$25,300,000

Building Size

Asset Type

Industrial

Closing

Oct 25, 2023

About this deal

AI

Seven Hills Realty Trust has provided a $25.3 million refinancing package for two storage facilities in Atlanta and Fayetteville, Georgia. The properties are owned by Castle Hill Investors, represented by Robert Stern, and Olympus Ventures LLC, represented by Kevin Bergman. The loan transaction took place on October 25, 2023. The assets involved in this transaction are industrial properties located in the Atlanta and Fayetteville markets.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $25,300,000
  • Lender: Seven Hills Realty Trust
  • Landlord: Robert Stern - Castle Hill Investors & Kevin Bergman - Olympus Ventures LLC

Robert Stern, a representative from Castle Hill Investors, and Kevin Bergman, a representative from Olympus Ventures LLC, played key roles in this transaction. The loan provided by Seven Hills Realty Trust will help secure the refinancing of the two storage facilities owned by Castle Hill Investors and Olympus Ventures LLC in Atlanta and Fayetteville, Georgia.

Players

Seven Hills Realty Trust
Seven Hills Realty TrustLender

Market Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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