RMR Mortgage Trust announced the closing of a $54.6 million first mortgage bridge loan it provided to refinance two manufactured housing communities comprised of approximately 1,200 home sites located in Ohio. This first mortgage bridge loan includes an initial funding of approximately $44.6 million and a future funding allowance of approximately $10.0 million for capital improvements to further enhance these communities. The loan is structured with a three-year initial term and two, one-year extension options, subject to the borrower meeting certain requirements.