Tremont Realty Capital Announces the Closing of a $27 Million Mortgage Loan to Refinance an Industrial Property in Wayne, PA – Company Announcement - FT.com
Summary
25, 2024-- today announced the closing of a first mortgage loan to refinance , a 138,065 square foot industrial property located at in , an affluent submarket.The loan has a three-year initial term with two one-year extension options, subject to the borrower meeting certain requirements. was introduced to the transaction by JLL, which advised the joint venture sponsorship of and . Funding for the loan was provided by (Nasdaq: RMR)., Senior Vice President of , made the following statement:Tremont continues to be an active participant in middle market commercial real estate transactions. With a robust pipeline, Tremont is well positioned to execute quality loan opportunities across all property types.is the commercial real estate finance division of (Nasdaq: RMR). Tremont is a direct lender that originates and invests in loans secured by middle market and transitional commercial real estate on behalf of its capital sources, including (Nasdaq: SEVN).