Seven Hills Realty Trust (Nasdaq: SEVN) reported on October 5, 2026, that it has closed two new first mortgage loans totaling $98.0 million. These investments are secured by multifamily and mixed-use properties located in Chattanooga, Tennessee, and Charlotte, North Carolina. The company also reported receiving $68.0 million in proceeds from the repayment of two existing loans.
The new loan investments include a $68.0 million floating rate first mortgage loan to refinance Populus Waterside, a Class A, 344-unit multifamily property in Chattanooga. The loan has a three-year initial term with two one-year extension options. The second investment is a $30.0 million floating rate loan to refinance a 246,000 square foot mixed-use retail and self-storage property in Charlotte.
In addition to the new investments, Seven Hills received repayment on a loan secured by an office property in Dallas, Texas. The loan was repaid at approximately 97% of its $44.2 million outstanding balance, resulting in a $1.5 million discount. Following this repayment, the company’s office exposure decreased from 19% as of June 30, 2026, to approximately 13% of its portfolio as of September 30, 2026, based on outstanding principal balances.
The company stated that the repayment of the Dallas office loan increases its lending capacity by approximately $46 million. Seven Hills also noted that it expects to close three loans currently in diligence totaling $121.7 million during the fourth quarter of 2026. The company will discuss these transactions in further detail during its third quarter 2026 earnings conference call scheduled for October 28, 2026.
