RMR Mortgage Trust closes its first $ 12.5 million mortgage bridging loan to finance the acquisition of 80 S. Main St. in Seattle, Washington

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NEWTON, Mass – () –RMR Mortgage Fund (Nasdaq: RMRM) announced the closure of its first $ 12.5 million floating rate bridging mortgage loan to finance the acquisition of 80 Main, a 45-unit A-class residential building located at 80 S. Main St. in Seattle, Washington. The loan is structured with an initial three-year maturity and two renewal options for one year, subject to the borrower’s compliance with certain requirements. RMRM Manager, Tremont Realty Capital, was entered into the deal Capital Markets IPA, Marcus & Millichap, which advised the sponsor, Unico Real Estate

Tom LorenziniThe President of RMRM made the following statement:

We continue to accelerate the pace of implementation of the new RMRM business plan, which aims to invest capital in the first mortgage loans secured by the mid-market and commercial real estate in the transition period. This loan is secured by a Class A apartment building in downtown Seattle, in the vibrant Pioneer Square area. This marks the closure of our seventh loan this year and expands our investment portfolio to over $ 300 million in debt capital. Our investment portfolio remains active and we have good opportunities for further RMRM growth in the second half of 2021 and beyond. ”

RMR Mortgage Trust (Nasdaq: RMRM) is a real estate finance company that creates and invests in the first mortgage loans secured by mid-market and commercial real estate in transition. RMRM is operated by a branch RMR Inc. group of companies (Nasdaq: RMR)… Virtually all of RMR’s ​​business is carried out by its controlling subsidiary RMR Group LLC, which is an alternative asset management company with $ 32 billion in assets under management and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. … property. For more information on RMRM visit www.rmrmortgagetrust.com

Tremont Realty Capital, on behalf of its sources of capital, Tremont Mortgage Fund (Nasdaq: TRMT) and RMR Mortgage Trust (Nasdaq: RMRM) is a direct lender that invests in loans secured by mid-market and commercial real estate in transition. Tremont Realty Capital is a trade name of Tremont Realty Advisors LLC, a subsidiary of the RMR Group (Nasdaq: RMR). For more information on Tremont Realty Capital visit www.tremontcapital.com

WARNING REGARDING FORWARD-LOOKING STATEMENTS

This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. In addition, when RMRM uses words such as “believe”, “expect”, “expect”, “intend”, “plan”, “estimate”, “will”, “may” and negative or derived from these or similar expressions RMRM makes forward-looking statements. These forward-looking statements are based on RMRM’s current intentions, beliefs or expectations, but forward-looking statements are not guaranteed and may not occur. Actual results could differ materially from those contained in or implied in RMRM’s forward-looking statements as a result of various factors. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond the control of RMRM. For example:

  • This press release mentions recent closed loans and future plans to drive further RMRM growth in the second half of 2021 and beyond, which could mean that RMRM will close additional loans and that its business will continue to improve as a result. However, RMRM’s business and its ability to arrange loans and pursue its investment objectives is subject to various risks, including the competitive nature of the industry in which it operates, as well as other factors, many of which are beyond its control, such as the current COVID-19 pandemic. These risks and other factors can prevent RMRM from successfully closing additional loans, starting a new business and realizing its investment goal. In addition, once RMRM invests or transfers its remaining capital, its ability to continue to grow and fund loans will depend on its ability to raise additional profitable capital or reallocate proceeds from repaying its loan investments.

Information contained in RMRM filings with the Securities and Exchange Commission or SEC, including in or included in the Risk Factors section of the RMRM periodic reports, identifies other important factors that may cause actual RMRM results to be differ materially from those stated or implied by the RMRM Forward-looking Statements. RMRM documents to the SEC are available on the SEC website at www.sec.gov

You should not place undue reliance on forward-looking statements.

Except as required by law, RMRM does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.

Maryland State Trust with transferable beneficial interest listed on the Nasdaq. No shareholder, Trustee or officer is personally responsible for any actions or obligations of the Trust.

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