{"id":522033,"date":"2021-08-03T08:03:32","date_gmt":"2021-08-03T12:03:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\/"},"modified":"2021-08-03T08:03:32","modified_gmt":"2021-08-03T12:03:32","slug":"tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\/","title":{"rendered":"Tremont Mortgage Trust Closes $13.4 Million First Mortgage Bridge Loan to Finance Acquisition of Parallax Apartments in Portland, Oregon"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwmarginl1 { margin-left: 30px }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Tremont Mortgage Trust Closes $13.4 Million First Mortgage Bridge Loan to Finance Acquisition of Parallax Apartments in Portland, Oregon<\/b><\/p>\n<p>NEWTON, Mass.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.trmtreit.com%2Fhome%2Fdefault.aspx&amp;esheet=52470200&amp;newsitemid=20210803005202&amp;lan=en-US&amp;anchor=Tremont+Mortgage+Trust+%28Nasdaq%3A+TRMT%29&amp;index=1&amp;md5=3ee0fad6615b2fcdcf0ae39feef6bdc5\">Tremont Mortgage Trust (Nasdaq: TRMT)<\/a> today announced the closing of a $13.4 million first mortgage floating-rate bridge loan to finance the acquisition of Parallax Apartments, a 66-unit, Class A, multifamily property located at 4030 North Williams Avenue in Portland, Oregon. The loan is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements. TRMT\u2019s manager, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.tremontcapital.com%2FHome%2Fdefault.aspx&amp;esheet=52470200&amp;newsitemid=20210803005202&amp;lan=en-US&amp;anchor=Tremont+Realty+Capital&amp;index=2&amp;md5=74eac4bdf854aa0306fa89c6017909eb\">Tremont Realty Capital<\/a>, was introduced to the transaction by IPA Capital Markets, a Marcus &amp; Millichap Company.\n<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.trmtreit.com%2Foriginations%2Fthomas-lorenzini%2Fdefault.aspx&amp;esheet=52470200&amp;newsitemid=20210803005202&amp;lan=en-US&amp;anchor=Tom+Lorenzini&amp;index=3&amp;md5=a2dfed72e1857f166e113c2389801332\">Tom Lorenzini<\/a>, President of TRMT, made the following statement:\n<\/p>\n<p class=\"bwmarginl1\">\n\u201cWe are pleased to announce the closing of this first mortgage loan secured by a modern, centrally located, multifamily property located in one of Portland\u2019s most popular residential neighborhoods. This loan meets TRMT\u2019s objective of investing capital into strong credit opportunities, backed by middle market commercial real estate properties and high quality sponsors. TRMT\u2019s investment pipeline remains active and we look forward to executing on additional loans like Parallax that meet our investment returns and credit criteria.\u201d\n<\/p>\n<p>\nTremont Mortgage Trust (Nasdaq: TRMT) is a real estate finance company that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate. TRMT is managed by an affiliate of <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.rmrgroup.com%2FHome%2F&amp;esheet=52470200&amp;newsitemid=20210803005202&amp;lan=en-US&amp;anchor=The+RMR+Group+Inc.+%28Nasdaq%3A+RMR%29&amp;index=4&amp;md5=3634a94bb9b920c244ceb66b9e819fb1\">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 $32 billion in assets under management and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. For more information about TRMT, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.trmtreit.com&amp;esheet=52470200&amp;newsitemid=20210803005202&amp;lan=en-US&amp;anchor=www.trmtreit.com&amp;index=5&amp;md5=1f2dd2a8be57354a5307cab0882a2ea2\">www.trmtreit.com<\/a>.\n<\/p>\n<p>\nTremont Realty Capital, on behalf of its capital sources, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.trmtreit.com%2Fhome%2Fdefault.aspx&amp;esheet=52470200&amp;newsitemid=20210803005202&amp;lan=en-US&amp;anchor=Tremont+Mortgage+Trust+%28Nasdaq%3A+TRMT%29&amp;index=6&amp;md5=733283db57567bca24b349d55dd35421\">Tremont Mortgage Trust (Nasdaq: TRMT)<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.rmrmortgagetrust.com%2Fhome%2Fdefault.aspx&amp;esheet=52470200&amp;newsitemid=20210803005202&amp;lan=en-US&amp;anchor=RMR+Mortgage+Trust+%28Nasdaq%3A+RMRM%29&amp;index=7&amp;md5=f22640ebb7e829f37a68c5cdb4a86145\">RMR Mortgage Trust (Nasdaq: RMRM)<\/a>, is a direct lender that invests in loans secured by middle market and transitional commercial real estate. Tremont Realty Capital is the trade name of Tremont Realty Advisors LLC, which is an affiliate of The RMR Group (Nasdaq: RMR). For more information about Tremont Realty Capital please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.tremontcapital.com&amp;esheet=52470200&amp;newsitemid=20210803005202&amp;lan=en-US&amp;anchor=www.tremontcapital.com&amp;index=8&amp;md5=d13be818765c44ac2fa7d42903a1969b\">www.tremontcapital.com<\/a>.\n<\/p>\n<p class=\"bwalignc\"><b><span class=\"bwuline\">WARNING CONCERNING FORWARD-LOOKING STATEMENTS<\/span><\/b><\/p>\n<p>\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 TRMT 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, TRMT is making forward-looking statements. These forward-looking statements are based upon TRMT\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 TRMT\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 TRMT\u2019s control. For example:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nThe statements in this press release related to the quality of the Parallax loan and TRMT\u2019s investment pipeline remaining active and expectations regarding additional loans that meet TRMT\u2019s required returns and credit criteria, may imply that TRMT will execute on additional loans of the same quality as the Parallax loan and that TRMT\u2019s business will continue to perform at its current level or improve as a result. However, TRMT\u2019s ability to execute on additional loans is subject to its ability to obtain additional cost-effective equity capital whether through early loan repayments or otherwise, as well as various risks, including the competitive nature of the commercial real estate lending industry, and other factors, many of which are outside its control. These and other risks and factors may prevent TRMT from executing on additional loans and executing on its business plan.\n<\/li>\n<\/ul>\n<p>\nThe information contained in TRMT\u2019s filings with the Securities and Exchange Commission, or SEC, including under \u201cRisk Factors\u201d in TRMT\u2019s periodic reports or incorporated therein, identifies other important factors that could cause TRMT\u2019s actual results to differ materially from those stated in or implied by TRMT\u2019s forward looking statements. TRMT\u2019s filings with the SEC are available on the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=52470200&amp;newsitemid=20210803005202&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=9&amp;md5=db17d42c9708c83a835289b8638c957a\">www.sec.gov<\/a>.\n<\/p>\n<p>\nYou should not place undue reliance upon forward-looking statements.\n<\/p>\n<p>\nExcept as required by law, TRMT 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 class=\"bwalignc\"><i>A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.<br \/>\n<br \/>No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210803005202r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210803005202\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210803005202\/en\/<\/a><\/span><\/p>\n<p>\nKevin Barry<br \/>\n<br \/>Manager, Investor Relations<br \/>\n<br \/>(617) 658-0776\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Oregon Massachusetts<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> REIT Finance Professional Services Residential Building &amp; Real Estate Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210803005202\/en\/767732\/3\/TremontMortgageTrust_Logo_Stacked.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Tremont Mortgage Trust Closes $13.4 Million First Mortgage Bridge Loan to Finance Acquisition of Parallax Apartments in Portland, Oregon NEWTON, Mass.&#8211;(BUSINESS WIRE)&#8211;Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $13.4 million first mortgage floating-rate bridge loan to finance the acquisition of Parallax Apartments, a 66-unit, Class A, multifamily property located at 4030 North Williams Avenue in Portland, Oregon. The loan is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements. TRMT\u2019s manager, Tremont Realty Capital, was introduced to the transaction by IPA Capital Markets, a Marcus &amp; Millichap Company. Tom Lorenzini, President of TRMT, made the following statement: \u201cWe are pleased to announce the closing of this first &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Tremont Mortgage Trust Closes $13.4 Million First Mortgage Bridge Loan to Finance Acquisition of Parallax Apartments in Portland, Oregon&#8221;<\/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-522033","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tremont Mortgage Trust Closes $13.4 Million First Mortgage Bridge Loan to Finance Acquisition of Parallax Apartments in Portland, Oregon - 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\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tremont Mortgage Trust Closes $13.4 Million First Mortgage Bridge Loan to Finance Acquisition of Parallax Apartments in Portland, Oregon - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Tremont Mortgage Trust Closes $13.4 Million First Mortgage Bridge Loan to Finance Acquisition of Parallax Apartments in Portland, Oregon NEWTON, Mass.&#8211;(BUSINESS WIRE)&#8211;Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $13.4 million first mortgage floating-rate bridge loan to finance the acquisition of Parallax Apartments, a 66-unit, Class A, multifamily property located at 4030 North Williams Avenue in Portland, Oregon. The loan is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements. TRMT\u2019s manager, Tremont Realty Capital, was introduced to the transaction by IPA Capital Markets, a Marcus &amp; Millichap Company. Tom Lorenzini, President of TRMT, made the following statement: \u201cWe are pleased to announce the closing of this first &hellip; Continue reading &quot;Tremont Mortgage Trust Closes $13.4 Million First Mortgage Bridge Loan to Finance Acquisition of Parallax Apartments in Portland, Oregon&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-03T12:03:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210803005202r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Tremont Mortgage Trust Closes $13.4 Million First Mortgage Bridge Loan to Finance Acquisition of Parallax Apartments in Portland, Oregon\",\"datePublished\":\"2021-08-03T12:03:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\\\/\"},\"wordCount\":824,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210803005202r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\\\/\",\"name\":\"Tremont Mortgage Trust Closes $13.4 Million First Mortgage Bridge Loan to Finance Acquisition of Parallax Apartments in Portland, Oregon - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210803005202r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"datePublished\":\"2021-08-03T12:03:32+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210803005202r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"contentUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210803005202r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tremont Mortgage Trust Closes $13.4 Million First Mortgage Bridge Loan to Finance Acquisition of Parallax Apartments in Portland, Oregon\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tremont Mortgage Trust Closes $13.4 Million First Mortgage Bridge Loan to Finance Acquisition of Parallax Apartments in Portland, Oregon - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\/","og_locale":"en_US","og_type":"article","og_title":"Tremont Mortgage Trust Closes $13.4 Million First Mortgage Bridge Loan to Finance Acquisition of Parallax Apartments in Portland, Oregon - Market Newsdesk","og_description":"Tremont Mortgage Trust Closes $13.4 Million First Mortgage Bridge Loan to Finance Acquisition of Parallax Apartments in Portland, Oregon NEWTON, Mass.&#8211;(BUSINESS WIRE)&#8211;Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $13.4 million first mortgage floating-rate bridge loan to finance the acquisition of Parallax Apartments, a 66-unit, Class A, multifamily property located at 4030 North Williams Avenue in Portland, Oregon. The loan is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements. TRMT\u2019s manager, Tremont Realty Capital, was introduced to the transaction by IPA Capital Markets, a Marcus &amp; Millichap Company. Tom Lorenzini, President of TRMT, made the following statement: \u201cWe are pleased to announce the closing of this first &hellip; Continue reading \"Tremont Mortgage Trust Closes $13.4 Million First Mortgage Bridge Loan to Finance Acquisition of Parallax Apartments in Portland, Oregon\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\/","og_site_name":"Market Newsdesk","article_published_time":"2021-08-03T12:03:32+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210803005202r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Tremont Mortgage Trust Closes $13.4 Million First Mortgage Bridge Loan to Finance Acquisition of Parallax Apartments in Portland, Oregon","datePublished":"2021-08-03T12:03:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\/"},"wordCount":824,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210803005202r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\/","name":"Tremont Mortgage Trust Closes $13.4 Million First Mortgage Bridge Loan to Finance Acquisition of Parallax Apartments in Portland, Oregon - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210803005202r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","datePublished":"2021-08-03T12:03:32+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\/#primaryimage","url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210803005202r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","contentUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210803005202r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tremont-mortgage-trust-closes-13-4-million-first-mortgage-bridge-loan-to-finance-acquisition-of-parallax-apartments-in-portland-oregon\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Tremont Mortgage Trust Closes $13.4 Million First Mortgage Bridge Loan to Finance Acquisition of Parallax Apartments in Portland, Oregon"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/522033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=522033"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/522033\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=522033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=522033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=522033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}