Seven Hills Realty Trust Closes $24.3 Million First Mortgage Loan to Refinance a Retail Property in Park City, Utah
AI Briefing
- • Seven Hills Realty Trust closes $24.3 million loan to refinance Kimball on Main retail property in Park City, Utah.
- • Kimball on Main is a 25,000 sq. ft. retail property in Park City's historic Main Street shopping district.
- • Property benefits from strong foot traffic from local residents and year-round tourism.
Context
Seven Hills Realty Trust has closed a $24.3 million first mortgage loan to refinance Kimball on Main, a retail property in Park City, Utah. The property is 25,000 square feet and is located on Main Street. It is well leased to a mix of retail tenants.
The loan refinances a property that benefits from strong foot traffic due to local residents and tourism. Kimball on Main is situated in Park City's historic Main Street shopping district.
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