secwatch.observer — SEC 8-K summary
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Issuer:     Seven Hills Realty Trust (SEVN)
CIK:        0001452477
Form:       8-K
Filed at:   2021-11-12T23:59:59+00:00
Accession:  0001104659-21-137593
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seven Hills Realty Trust enters into $100M uncommitted credit facility with BMO Harris
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1452477/000110465921137593/0001104659-21-137593-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1452477/000110465921137593/tm2132562d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-137593

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