Seven Hills Realty Trust (NASDAQ: SEVN) is a commercial real estate finance company that originates and holds floating rate first mortgage bridge loans on middle market transitional properties across the United States. Revenue comes from net interest income on its loan portfolio, the spread between SOFR-based interest earned on loans and interest paid on repurchase borrowings, plus origination, extension, exit, and modification fees collected from borrowers. The company targets first mortgage loans with principal balances of $15.0 million to $75.0 million, stabilized loan-to-value ratios of 75% or less, and terms of five years or less, secured by properties undergoing redevelopment or repositioning. SEVN is externally managed by Tremont Realty Capital LLC, a subsidiary of RMR, which had over $37 billion of real estate assets under management as of December 31, 2025. The company has no employees of its own. It is structured as a REIT, requiring distribution of at least 90% of annual REIT taxable income. Headquarters are at Two Newton Place, 255 Washington Street, Suite 300, Newton, Massachusetts.

Revenue model

Net interest income from floating rate first mortgage bridge loans priced at SOFR plus a margin, supplemented by origination fees, exit fees, extension fees, and modification fees paid by borrowers.

Products and services

Floating rate first mortgage bridge loans on transitional commercial real estate; principal balances $15.0 million to $75.0 million; LTVs 75% or less; terms five years or less; SOFR-based pricing.

Customers and end markets

Equity sponsors and borrowers owning middle market transitional commercial real estate properties undergoing redevelopment or repositioning across the United States.

Value-chain role

Direct lender and loan originator providing bridge financing to commercial real estate sponsors; externally managed by Tremont Realty Capital LLC, a subsidiary of RMR.

Geographic exposure

United States, with focus on middle market transitional commercial real estate properties nationwide. Headquarters in Newton, Massachusetts.

Source: SEC 10-K, filed 2026-02-18

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