Tremont Mortgage Trust Provides $14.0 Million First Mortgage Bridge Loan for the Refinancing of 940 Linden Street in Allentown, PA
NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $14.0 million first mortgage bridge loan to refinance a five-story, 1,100 space structured parking garage in Allentown, PA. This floating rate loan was fully funded at closing and is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements. Tremont Mortgage Trust (Nasdaq: TRMT) is a real estate finance company that focus
Tremont Mortgage Trust Provides $14.0 Million First Mortgage Bridge Loan for the Refinancing of 940 Linden Street in Allentown, PA
NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $14.0 million first mortgage bridge loan to refinance a five-story, 1,100 space structured parking garage in Allentown, PA. This floating rate loan was fully funded at closing and is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements. Tremont Mortgage Trust (Nasdaq: TRMT) is a real estate finance company that focus