Tremont Mortgage Trust Provides $22.8 Million First Mortgage Bridge Loan for the Refinancing of The Blazer Plaza in Dublin, OH
NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $22.8 million first mortgage bridge loan it provided to refinance The Blazer Plaza, a three building office|lab campus containing 519,000 square feet on 54 acres in Dublin, OH. This floating rate loan includes initial funding of $12.1 million and a future funding allowance of approximately $10.7 million for tenant improvements. The loan is structured with a two-year initial term and a one-year
Tremont Mortgage Trust Provides $22.8 Million First Mortgage Bridge Loan for the Refinancing of The Blazer Plaza in Dublin, OH
NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $22.8 million first mortgage bridge loan it provided to refinance The Blazer Plaza, a three building office|lab campus containing 519,000 square feet on 54 acres in Dublin, OH. This floating rate loan includes initial funding of $12.1 million and a future funding allowance of approximately $10.7 million for tenant improvements. The loan is structured with a two-year initial term and a one-year