Tremont Realty Capital, the commercial real estate finance division of The RMR Group, has provided a $37.3 million first mortgage loan for a student housing property located in College Park, Maryland.
The financing is secured by Mazza Grandmarc, a 232-unit, 628-bed student housing community that primarily serves students attending the University of Maryland. The property benefits from strong, enrollment-driven demand in the area, making it a valuable asset in the College Park student housing market.
The loan carries an initial term through November 2028, with two 12-month extension options available. This financing is part of a broader deal involving three newly originated first mortgage loans totaling $101.3 million, closed by Seven Hills Realty Trust.
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