Seven Hills Realty Trust Provides $42 Million Refinancing for Student Housing Property Near Ole Miss

Oxford, Miss. — Seven Hills Realty Trust has provided a $42 million bridge loan for the refinancing of The Domain at Oxford, a 642-bed student housing property located near the University of Mississippi (Ole Miss). Newmark arranged the three-year loan on behalf of the borrower, Sausalito, California-based Shore to Shore Properties Inc. The loan features two one-year extension options. Located at 2002 Oxford Way, The Domain features 216 one-, two- and four-bedroom apartments, each furnished with a 43-inch TV. According to Apartments.com, the gated community was built in 2016 and features an onsite property manager and maintenance team, valet trash pickup, package retrieval services, campus shuttle and community-wide Wi-Fi. Shared amenities include a resort-style swimming pool, business center, clubhouse, fitness center, conference rooms, a tanning salon, movie theater, basketball and volleyball courts and a game room. Tremont Realty Capital manages Seven Hills Realty Trust.