Seven Hills Realty Provides $18.5 Million Refinancing for Student Housing Property Near Baylor University

Waco, Texas — Seven Hills Realty Trust, an affiliate of Boston-based investment firm RMR Group, has provided an $18.5 million bridge loan for the refinancing of LL Sams, a 271-bed community that serves students at Baylor University in Waco. The building is adjacent to campus and offers units in one-, two-, three-, four- and five-bedroom floor plans. Amenities include a pool, fitness studio, resident clubhouse, package lockers and private study pods. JLL arranged the three-year loan on behalf of the borrower, California-based Shore to Shore Properties.