Tremont Mortgage Trust announced the closing of a $13.4 million first mortgage floating-rate bridge loan to finance the acquisition of Parallax Apartments, a 66-unit, Class A, multifamily property located at 4030 North Williams Avenue in Portland, Oregon. The loan is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements. TRMT’s manager, Tremont Realty Capital, was introduced to the transaction by IPA Capital Markets, a Marcus & Millichap Company.