Seven Hills closes $98.0M of first mortgage loans, office exposure cut to 13% after $68.0M repayments

Seven Hills Realty Trust

Closed $68.0M floating-rate first mortgage on Populus Waterside, a 344-unit Chattanooga multifamily property (Novare Group, Batson-Cook; Cushman & Wakefield).
$30.0M floating-rate loan for 246,000 sq ft Charlotte mixed-use (202,000 sq ft retail, 44,000 sq ft self-storage); both loans have 3-year terms with two 1-year extensions.
Dallas office loan repaid at ~97% of $44.2M balance, a $1.5M discount vs. $6.3M CECL reserve; office exposure fell from 19% (6/30/26) to ~13% (9/30/26).
Q3 closed $122.3M of first mortgage loans; three loans in diligence totaling $121.7M expected to close in Q4 2026; Carlsbad, CA office loan repayment also expected in Q4.
Fayetteville, GA self-storage loan repaid in full ($25.3M); lending capacity up ~$46M. Q3 earnings call set for Oct 28, 2026 at 11:00 a.m. ET.

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