The 10-year, non-recourse loan provided for roughly 100% loan to value with a fixed 4.28% interest rate. The borrower, a leading national retail REIT, was able to lock their interest rate at application for sixty days at no cost. Tremont negotiated a spread of 90 basis points over the 10-year Treasury along with no loan or legal fees to the borrower.
Tremont Realty Capital is a national mortgage banking operation and direct lender headquartered in Boston with offices in Annapolis, MD, Hartford and New York, Chicago and Scottsdale, AZ Through its principal and advisory operations, the firm engages primarily in debt and equity placement, direct investment and transaction advisory services.
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