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RMR Mortgage Trust Provides $10.9 Million First Mortgage Bridge Loan for the Acquisition of an Office Building in Miami, FL

NEWTON, Mass.--(BUSINESS WIRE)--RMR Mortgage Trust (Nasdaq: RMRM) today announced the closing of a $10.9 million first mortgage bridge loan it provided to finance the acquisition of a nine-story multi-tenant office building containing 83,000 square feet at 5040 NW 7th Street in Miami, Florida. This first mortgage bridge loan is structured with a two-year initial term and two one-year extension options, subject to the borrower meeting certain requirements.