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

Posted by Business Wire May 13, 2019

NEWTON, Mass.–(BUSINESS WIRE)–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.

Contacts

Christopher Ranjitkar
Senior Director, Marketing & Investor
Relations
(617) 796-7651

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