Market Overview

Tremont Mortgage Trust Announces Closing of $40.4 Million Bridge Loan to Finance the Acquisition of the Hampton Inn JFK


Tremont Mortgage Trust (NASDAQ:TRMT) today announced the closing of a
$40.4 million first mortgage bridge loan to finance the acquisition of
the Hampton Inn JFK, a 216-key, 13-story hotel located adjacent to the
John F. Kennedy International Airport in Queens, New York.

This floating rate loan includes initial funding of approximately $39.6
million with future funding of $750,000 to complete a property
improvement plan. The loan has a three-year initial term with two
one-year extension options and an as is LTV ratio of approximately 71%.

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 and an indirect subsidiary of The RMR
Group Inc.

A Maryland Real Estate Investment Trust with transferable shares of
beneficial interest listed on the Nasdaq.

No shareholder,
Trustee or officer is personally liable for any act or obligation of the

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