debt
confidence high
sentiment neutral
materiality 0.50
Seven Hills Realty Trust enters into $100M uncommitted credit facility with BMO Harris
Seven Hills Realty Trust
- Wholly-owned subsidiary Seven Hills BH Lender LLC borrows up to $100M under uncommitted facility with BMO Harris Bank N.A.
- Loans used to fund new mortgage originations or existing loan commitments; advance rate up to 80% of underlying loan.
- Interest based on SOFR plus a premium; facility is non-margin-call and coterminous with pledged mortgage loans.
- Parent provides limited guaranty covering 25% of principal (100% for bad acts) plus financial covenants.
- Facility is uncommitted; loans approved case-by-case; concentration limits cap single loan at $50M.