{"id":439900,"date":"2021-02-19T09:03:16","date_gmt":"2021-02-19T14:03:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=439900"},"modified":"2021-02-19T09:03:16","modified_gmt":"2021-02-19T14:03:16","slug":"rmr-mortgage-trust-enters-into-a-master-repurchase-facility-with-ubs-ag","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rmr-mortgage-trust-enters-into-a-master-repurchase-facility-with-ubs-ag\/","title":{"rendered":"RMR Mortgage Trust Enters into a Master Repurchase Facility with UBS AG"},"content":{"rendered":"

<\/p>\n

RMR Mortgage Trust Enters into a Master Repurchase Facility with UBS AG<\/b><\/p>\n

NEWTON, Mass.–(BUSINESS WIRE<\/a>)–RMR Mortgage Trust (Nasdaq: RMRM)<\/a> today announced that it has entered into an agreement for a master repurchase facility with UBS AG, which it may use to leverage its commercial mortgage loan investments. While there is no maximum facility amount, RMRM expects the use of this facility will not exceed its equity amount, which is currently $192 million. The facility has a three-year term and permits advancement of up to 75% of a whole loan investment amount. Interest on advancements under the facility will be calculated at floating rates based on LIBOR plus a premium.\n<\/p>\n

Doug Lanois<\/a>, Chief Financial Officer and Treasurer, made the following statement:\n<\/p>\n

\n\u201cWe are pleased to announce our financial arrangement with UBS and to establish this repurchase facility, which is designed to provide RMRM with substantial capacity to execute on its strategy as a commercial mortgage REIT and support continued growth of its loan portfolio.\u201d\n<\/p>\n

About RMR Mortgage Trust (Nasdaq: RMRM)<\/b><\/p>\n

RMR Mortgage Trust (Nasdaq: RMRM)<\/a> is a real estate finance company that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate. RMRM is managed by an affiliate of The RMR Group Inc. (Nasdaq: RMR)<\/a>. Substantially all of RMR\u2019s business is conducted by its majority owned subsidiary, The RMR Group LLC, which is an alternative asset management company with more than $32 billion in assets under management and more than 30 years of institutional experience in buying, selling, financing and operating commercial real estate. For more information about RMRM, please visit www.rmrmortgagetrust.com<\/a>.\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 and expectations, but forward-looking statements are not guaranteed to occur and may not occur for numerous reasons, some of which are beyond RMRM\u2019s control. 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. For example:\n<\/p>\n