RMR Mortgage Trust Closes $12.5 Million First Mortgage Bridge Loan to Finance Acquisition of 80 S. Main St. Apartments in Seattle, Washington

NEWTON, Massachusetts – (BUSINESS WIRE) – RMR Mortgage Trust (Nasdaq: RMRM) today announced the completion of an initial floating bridging loan of $ 12.5 million in Seattle, Washington. The loan is structured with an initial term of three years and two extension options for one year, provided the borrower meets certain requirements. Tremont Realty Capital, the manager of RMRM, was introduced to the transaction by IPA Capital Markets, a Marcus & Millichap company that advised sponsor Unico Properties.

Tom Lorenzini, President of RMRM, made the following statement:

“We continue to build momentum in the implementation of RMRM’s new business plan, which focuses on investing capital in initial mortgage loans backed by mid-market and commercial transitional properties. This loan is backed by a centrally located Class A apartment building in the vibrant Pioneer Square neighborhood of downtown Seattle. It is our seventh loan deal this year and increases our investment portfolio to more than $ 300 million in committed capital. Our investment pipeline remains active and we are well positioned to drive further growth for RMRM in the second half of 2021 and beyond. ”

RMR Mortgage Trust (Nasdaq: RMRM) is a real estate finance company that issues and invests in initial mortgage loans backed by mid-market and commercial transitional properties. RMRM is managed by a subsidiary of The RMR Group Inc. (Nasdaq: RMR). Essentially, all of RMR’s ​​business is operated by its majority-owned subsidiary, The RMR Group LLC, an alternative asset management company with $ 32 billion in assets under management and more than 35 years of institutional experience buying, selling, financing and operating Commercial property. For more information on RMRM, please visit www.rmrmortgagetrust.com.

Tremont Realty Capital is a direct lender on behalf of its capital sources Tremont Mortgage Trust (Nasdaq: TRMT) and RMR Mortgage Trust (Nasdaq: RMRM), investing in loans backed by mid-market and commercial transition real estate. Tremont Realty Capital is the trading name of Tremont Realty Advisors LLC, a subsidiary of the RMR Group (Nasdaq: RMR). More information about Tremont Realty Capital can be found at www.tremontcapital.com.

WARNING REGARDING FORWARD-LOOKING STATEMENTS

This 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. When RMRM uses words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “will,” “may” and negatives or derivatives of these or similar expressions, it makes forward-looking statements. These forward-looking statements are based on RMRM’s current intentions, beliefs or expectations, but forward-looking statements are not guaranteed and will not occur. Actual results could differ materially from those contained or implied in any forward-looking statements by RMRM due to various factors. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond the control of RMRM. For example:

• This press release relates to recently completed loans and future plans to grow RMRM in the second half of 2021 and beyond, which could mean that RMRM will acquire additional loans and further improve its business as a result. However, RMRM’s business and ability to borrow and achieve its investment objective are subject to various risks, including the competitive nature of the industry in which it operates, as well as other factors, many of which are beyond its control, such as the Covid19 pandemic. These risks and other factors could prevent RMRM from successfully acquiring additional loans, new business and achieving its investment objective. Once RMRM has invested or tied up its remaining capital, its ability to continue growing and fund credit depends on its ability to raise additional inexpensive capital or to reallocate the proceeds from repaying its loan investments.

The information contained in RMRM’s filings with the Securities and Exchange Commission (SEC), including under “Risk Factors” in or contained in RMRM’s periodic reports, identifies other important factors that may cause the actual RMRM’s results differ materially from those expressed or implied in RMRM’s forward-looking statements. RMRM’s filings with the SEC are available on the SEC’s website at www.sec.gov.

You should not place undue reliance on forward-looking statements.

Except as required by law, RMRM does not intend to update or change any forward-looking statements as a result of new information, future events, or for any other reason.

A Maryland Statuatory Trust with transferable beneficial interests listed on the Nasdaq. No shareholder, trustee or officer is personally liable for the acts or obligations of the Trust.