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Atlanta & Southeast  + Atlanta Metro  + Finance  | 
First National Realty City Center Crossing shopping center Sandy Springs GA

RMR Mortgage Trust Secures $17M in Financing to Acquire Atlanta Retail Center

RMR Mortgage Trust has closed a $16.5-million first mortgage floating-rate bridge loan to finance the acquisition of City Center Crossing, a grocery anchored retail center located in the Sandy Springs submarket of Atlanta. 

An initial advance of $14.8 million was funded at closing with future advances of approximately $1.7 million available for tenant improvements and leasing commissions. The loan is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements. RMRM’s manager, Tremont Realty Capital, was introduced to the transaction by the sponsor, First National Realty Partners. 

“The closing of this City Center Crossing loan further diversifies RMRM’s investment portfolio and continues its growth,” said Tom Lorenzini, president of RMRM. “This loan is secured by a Lidl anchored grocery center located in a rapidly growing submarket in Atlanta. This is our eighth loan closing this year and increases our investment portfolio to more than $325 million of committed capital. We are well positioned for continued portfolio growth with a healthy pipeline of attractive investment opportunities.” 

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Inside The Story

RMRM's Lorenzini

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
  • ◦Financing