Loan closes to refinance 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 borrower conditions.
Stanton Road Capital sourced the transaction through SEVN’s manager, Tremont Realty Capital, serving as sponsor and property owner.
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