Seven Hills Realty Trust Provides $23.8M Loan for Self-Storage Facility in Los Angeles

by Amy Works

LOS ANGELES — Seven Hills Realty Trust (SEVN) has secured $23.8 million floating-rate first mortgage loan to recapitalize a self-storage facility located at 2515 S. Broadway in Los Angeles. Staley Point Capital is the borrower.

The Extra Space Storage-branded facility offers 80,000 square feet of self-storage space.

SEVN’s manager, Tremont Realty Capital, was introduced to the transaction by JLL, which advised Staley Point Capital.

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