NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced that its wholly owned subsidiary has entered an agreement for a $100 million master repurchase facility with Citibank, N.A., which it may use to leverage its financing transactions. The facility has a three year term and permits advancement of up to 75% of a whole loan amount. Interest on advancements under the facility will be calculated at floating rates based on LIBOR plus a premium of 200 to 250 basis points.
Tremont Mortgage Trust (Nasdaq: TRMT) is a real estate finance company that focuses primarily on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate. Tremont Mortgage Trust is managed by Tremont Realty Advisors LLC, an SEC registered investment adviser, which is an indirect subsidiary of The RMR Group Inc.
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