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Tremont Mortgage Trust Provides $28.0 Million Refinancing for Owner of 1711 Caroline Apartments in Houston

May 13, 2019

NEWTON, Mass.--(BUSINESS WIRE)--May 13, 2019--

Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $28.0 million first mortgage bridge loan it provided to refinance 1711 Caroline Apartments, a 220-unit multifamily property located in Houston, Texas.

This floating rate loan has a one and a half year initial term with two one-year extension options, subject to the borrower meeting certain conditions.

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/20190513005827/en/

CONTACT: Christopher Ranjitkar

Senior Director, Marketing & Investor Relations

(617) 796-7651

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS TEXAS

INDUSTRY KEYWORD: PROFESSIONAL SERVICES REIT BANKING FINANCE CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Tremont Mortgage Trust

Copyright Business Wire 2019.

PUB: 05/13/2019 04:15 PM/DISC: 05/13/2019 04:15 PM

http://www.businesswire.com/news/home/20190513005827/en