Seven Hills Realty Trust closes $24.3 million first mortgage loan refinancing Park City retail property

Seven Hills Realty Trust closed a $24.3 million first mortgage loan to refinance Kimball on Main, a 25,000-square-foot retail property in Park City, Utah.

The loan carries a three-year initial term with two one-year extension options, subject to conditions.

Kimball on Main sits in Park City’s historic Main Street retail district, supported by high occupancy and year-round tourism-driven foot traffic.

The sponsor is Stanton Road Capital, a repeat borrower that sourced the transaction through Tremont Realty Capital.