Tremont Mortgage Trust TRMT, +1.19% today announced the closing of a $28.0 million first mortgage bridge loan it provided to refinance 1711 Caroline Apartments, a 220-unit multifamily property located.

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Depping, former chairman and chief executive of a Houston-area bank. loans to total loans was just 0.52% around the time of the exam significantly lower than the industry average for commercial.

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