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Tremont Mortgage Trust Provides $22.9 Million Refinancing for Owner of Woodside Village Shopping Center in Suburban Dallas

February 6, 2019

NEWTON, Mass.--(BUSINESS WIRE)--Feb 6, 2019--Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $22.9 million first mortgage bridge loan it provided to refinance Woodside Village, a high end retail center located in Coppell, Texas containing approximately 96,000 square feet.

This floating rate loan includes initial funding of $20 million and a future funding allowance of $2.9 million for property improvements and leasing capital. The loan is structured with a two-year term.

Tremont Mortgage Trust (Nasdaq: TRMT) is a real estate finance company that focuses primarily on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate. Tremont Mortgage Trust is managed by Tremont Realty Advisors LLC, an SEC registered investment adviser and an indirect subsidiary of The RMR Group Inc.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq. No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190206005131/en/

CONTACT: Christopher Ranjitkar

Senior Director, Marketing & Investor Relations

(617) 796-7651

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS TEXAS

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Tremont Mortgage Trust

Copyright Business Wire 2019.

PUB: 02/06/2019 07:00 AM/DISC: 02/06/2019 07:01 AM

http://www.businesswire.com/news/home/20190206005131/en

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