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RMR Mortgage Trust Enters into a Master Repurchase Facility with UBS AG

NEWTON, Mass.--(BUSINESS WIRE)--RMR Mortgage Trust (Nasdaq: RMRM) 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.