{"id":407430,"date":"2021-01-04T08:03:43","date_gmt":"2021-01-04T13:03:43","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=407430"},"modified":"2021-01-04T08:03:43","modified_gmt":"2021-01-04T13:03:43","slug":"rmr-mortgage-trust-provides-19-million-first-mortgage-bridge-loan-for-the-refinancing-of-a-lab-campus-in-berkeley-ca","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rmr-mortgage-trust-provides-19-million-first-mortgage-bridge-loan-for-the-refinancing-of-a-lab-campus-in-berkeley-ca\/","title":{"rendered":"RMR Mortgage Trust Provides $19 Million First Mortgage Bridge Loan for the Refinancing of a Lab Campus in Berkeley, CA"},"content":{"rendered":"

<\/p>\n

RMR Mortgage Trust Provides $19 Million First Mortgage Bridge Loan for the Refinancing of a Lab Campus in Berkeley, CA<\/b><\/p>\n

NEWTON, Mass.–(BUSINESS WIRE<\/a>)–RMR Mortgage Trust (Nasdaq: RMRM)<\/a> today announced the closing of a $19.1 million first mortgage bridge loan it provided to refinance a three building lab campus containing 47,000 square feet on three acres in Berkeley, California.\n<\/p>\n

\nThis first mortgage bridge loan includes initial funding of approximately $18.9 million and a future funding allowance of approximately $0.2 million for leasing costs. The loan is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements.\n<\/p>\n

\nRMR Mortgage Trust (Nasdaq: RMRM) historically operated as a registered closed end investment company advised by RMR Advisors LLC, but is in the process of transitioning to a mortgage real estate investment trust. RMR Advisors LLC is a wholly owned subsidiary of The RMR Group LLC, an alternative asset management company that is the majority owned operating subsidiary of The RMR Group Inc.\n<\/p>\n

WARNING CONCERNING FORWARD-LOOKING STATEMENTS<\/span><\/b><\/p>\n

\nThis press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Also, whenever RMRM uses words such as \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cestimate,\u201d \u201cwill,\u201d \u201cmay\u201d and negatives or derivatives of these or similar expressions, RMRM is making forward-looking statements. These forward-looking statements are based upon RMRM\u2019s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by RMRM\u2019s 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 RMRM\u2019s control.\n<\/p>\n

\nThe information contained in RMRM\u2019s filings with the SEC, including under \u201cRisk Factors\u201d in RMRM\u2019s periodic reports or incorporated therein, identifies other important factors that could cause RMRM\u2019s actual results to differ materially from those stated in or implied by RMRM\u2019s forward-looking statements. RMRM\u2019s filings with the SEC are available on the SEC\u2019s website at www.sec.gov<\/a>.\n<\/p>\n

\nYou should not place undue reliance upon forward-looking statements.\n<\/p>\n

\nExcept 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.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210104005145\/en\/<\/a><\/span><\/p>\n

\nKevin Barry, Manager, Investor Relations
\n
(617) 658-0776
\n
www.rmrmortgagetrust.com<\/a><\/p>\n

KEYWORDS:<\/b> California Massachusetts United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Other Professional Services Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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RMR Mortgage Trust Provides $19 Million First Mortgage Bridge Loan for the Refinancing of a Lab Campus in Berkeley, CA NEWTON, Mass.–(BUSINESS WIRE)–RMR Mortgage Trust (Nasdaq: RMRM) today announced the closing of a $19.1 million first mortgage bridge loan it provided to refinance a three building lab campus containing 47,000 square feet on three acres in Berkeley, California. This first mortgage bridge loan includes initial funding of approximately $18.9 million and a future funding allowance of approximately $0.2 million for leasing costs. The loan is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements. RMR Mortgage Trust (Nasdaq: RMRM) historically operated as a registered closed end investment company advised by RMR … <\/p>\n

Continue reading “RMR Mortgage Trust Provides $19 Million First Mortgage Bridge Loan for the Refinancing of a Lab Campus in Berkeley, CA”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-407430","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRMR Mortgage Trust Provides $19 Million First Mortgage Bridge Loan for the Refinancing of a Lab Campus in Berkeley, CA - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rmr-mortgage-trust-provides-19-million-first-mortgage-bridge-loan-for-the-refinancing-of-a-lab-campus-in-berkeley-ca\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RMR Mortgage Trust Provides $19 Million First Mortgage Bridge Loan for the Refinancing of a Lab Campus in Berkeley, CA - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"RMR Mortgage Trust Provides $19 Million First Mortgage Bridge Loan for the Refinancing of a Lab Campus in Berkeley, CA NEWTON, Mass.–(BUSINESS WIRE)–RMR Mortgage Trust (Nasdaq: RMRM) today announced the closing of a $19.1 million first mortgage bridge loan it provided to refinance a three building lab campus containing 47,000 square feet on three acres in Berkeley, California. This first mortgage bridge loan includes initial funding of approximately $18.9 million and a future funding allowance of approximately $0.2 million for leasing costs. The loan is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements. 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