Sunrise Realty Trust Announces Full Repayment of Investment in $160 Million Panther National Credit Facility

Sunrise Realty Trust (Nasdaq: SUNS) announced the full repayment of its investment in the $160 million Panther National credit facility, which consists of a senior term loan and a home construction revolver originated in August 2024.

Rhea-AI Summary

Sunrise Realty Trust (Nasdaq: SUNS) announced the full repayment of its investment in the $160 million Panther National credit facility, which consists of a senior term loan and a home construction revolver originated in August 2024.

SUNS received repayments of $31.6 million of the $84.2 million outstanding principal on the senior term loan and $23.8 million of the $63.5 million outstanding principal on the revolver. Affiliates of Tannenbaum Capital Group holding the remaining loan interests were also repaid in full. According to SUNS, the repayment supports its transitional commercial real estate lending strategy and returns capital that can provide additional capacity for future investments.

Positive

• Full repayment of Panther National credit facility interests, including SUNS and TCG affiliates
• Returned capital to SUNS totaling $31.6 million from the senior term loan
• Returned capital to SUNS totaling $23.8 million from the home construction revolver
• Repayment aligns with SUNS’s stated transitional CRE lending strategy and provides capacity for new investments

Negative

• None.

Argus Jul 21 session

+0.25% close to close Open Argus

Details

News Market Reaction – SUNS

On Jul 21, the day this news came out, SUNS closed 0.25% above the previous close.

Data tracked by StockTitan Argus for the Jul 21 session.

Market Context

SUNS's recent news record included both 9.12% and -2.49% 24-hour reactions, showing varied responses...

Analysis

SUNS's recent news record included both 9.12% and -2.49% 24-hour reactions, showing varied responses across announcements. The non-effective S-3 resale registration and low short positioning provide context for subsequent filings.

Key Figures

Credit facility: $160 million Loan origination: August 2024 Senior term loan repayment: $31.6 million of $84.2 million +4 more

Credit facility

$160 million

Panther National investment

Loan origination

August 2024

Two-loan Panther National credit facility

Senior term loan repayment

$31.6 million of $84.2 million

Outstanding principal repaid by SUNS

Home construction revolver repayment

$23.8 million of $63.5 million

Outstanding principal repaid by SUNS

Property size

392 acres

Panther National community

Residences

218 residences

Panther National community

Golf course

18-hole

Championship golf course at Panther National

Historical Context

5 past events · Latest: Jun 15

5 events

1. Jun 15

   Dividend declaration

   24h Move

   +0.1%

   Quarterly dividend declaration matched the prior-quarter dividend

2. May 14

   Quarterly earnings

   24h Move

   +9.1%

   First-quarter earnings and distributable earnings increased year over year

3. Mar 12

   Annual earnings

   24h Move

   -2.1%

   Full-year earnings and distributable earnings were reported alongside a dividend

4. Mar 05

   Credit facility expansion

   24h Move

   -2.5%

   Revolving credit commitments increased with an additional bank lender

5. Feb 18

   Hotel refinancing commitment

   24h Move

   +3.3%

   SUNS committed financing for a fifteen-property hotel portfolio refinancing

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

credit facility, senior term loan, home construction revolver, transitional CRE lending strategy

4 terms

credit facility financial

"full repayment of the credit facility consisting of two loans"

A credit facility is a flexible loan arrangement that allows a borrower to access funds up to a set limit whenever needed, similar to a company having an overdraft option on a bank account. It matters to investors because it indicates how easily a business can secure cash when required, affecting its ability to manage expenses, invest, or respond to financial challenges.

senior term loan financial

"senior term loan and home construction revolver"

A senior term loan is a company loan that must be repaid on a set schedule and sits near the top of the company’s repayment order, meaning it gets paid before most other debts if the company runs into trouble. Think of it like a mortgage lender getting first dibs on the house proceeds; for investors it affects how risky a company's capital structure is, how much cash is committed to debt service, and how likely lenders are to recover money in a default.

home construction revolver financial

"senior term loan and home construction revolver"

A home construction revolver is a revolving credit line that builders or developers use to fund multiple residential construction projects as needed. Like a business credit card for construction, the borrower can draw, repay, and redraw funds up to a set limit, paying interest only on amounts outstanding. It matters to investors because it affects a builder’s short-term liquidity, financing cost, project pace, and exposure to interest-rate or repayment risks.

transitional CRE lending strategy financial

"execution of our transitional CRE lending strategy"

A transitional CRE lending strategy is a type of short- to medium-term financing for commercial real estate that is being repositioned, renovated, re-leased, or otherwise changed from its current use to a new, stabilized state. Like giving a house a loan while it’s being remodeled to attract tenants, these loans bridge cash flow gaps and cover upgrade costs; investors track them because they carry different risk, timing, and collateral-value uncertainty than long-term mortgages.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WEST PALM BEACH, Fla., July 21, 2026 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS”), a lender on the Tannenbaum Capital Group (“TCG”) Real Estate platform, today announced the full repayment of the credit facility consisting of two loans (senior term loan and home construction revolver), originated in August 2024, for Panther National. SUNS received repayments of $31.6 million of the $84.2 million in outstanding principal under the senior term loan and $23.8 million of the $63.5 million in outstanding principal under the home construction revolver. Affiliates of TCG, which held the remaining interests of the two loans, were also repaid in full.

Panther National is a 392-acre private luxury golf and residential community located in Palm Beach Gardens, Florida. It features 218 residences, additional villas and suites, and an 18-hole championship golf course designed by Jack Nicklaus and Justin Thomas, together with a par-3 course, practice facilities, and resort-style amenities.

"The full repayment of the Panther National investment further demonstrates the execution of our transitional CRE lending strategy, providing flexible capital to support borrowers through key business plan milestones," said Brian Sedrish, CEO of SUNS. “The return of capital provides additional capacity to pursue the types of attractive, risk-adjusted returns that we continue to observe across our target markets.”

About Sunrise Realty Trust, Inc.

Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) is an institutional commercial real estate (“CRE”) lender providing flexible financing solutions to sponsors of CRE projects located primarily in the Southern United States. It focuses on transitional CRE business plans with the potential for near-term value creation, collateralized by top-tier assets predominantly located in established and rapidly expanding Southern markets. For additional information regarding the Company, please visit www.sunriserealtytrust.com.

About TCG Real Estate

TCG Real Estate refers to a group of affiliated commercial real estate (“CRE”)-focused debt funds, including a Nasdaq-listed mortgage real estate investment trust (“REIT”), Sunrise Realty Trust, Inc. (Nasdaq: SUNS), and a private mortgage REIT, Southern Realty Trust Inc. The funds provide flexible financing on transitional CRE properties that present opportunities for near-term value creation, with a focus on top-tier CRE assets located primarily within markets in the Southern U.S. benefiting from economic tailwinds with growth potential. For additional information regarding TCG Real Estate, please visit www.theTCG.com.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the Company’s current views and projections with respect to, among other things, projections and operating results. All statements other than historical facts are forward-looking statements. Words such as “believes,” “expects,” “will,” “intends,” “plans,” “guidance,” “estimates,” “projects,” “anticipates,” “future,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions and are not guarantees of future performance, conditions or results. Certain factors, risks, and uncertainties discussed under the caption “Risk Factors” and elsewhere in SUNS’ most recently filed periodic reports on Form 10-K and Form 10-Q and in subsequent filings could cause actual results and performance to differ materially from those projected in these forward-looking statements.

Investor Relations Contact

Robyn Tannenbaum
561-510-2293
ir@thetcg.com

Media Contact

Dukas Linden Public Relations
TCG@DLPR.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Sunrise Realty Trust (Nasdaq: SUNS) announce about the Panther National credit facility on July 21, 2026?

Sunrise Realty Trust announced the full repayment of its investment in the $160 million Panther National credit facility. According to SUNS, both the senior term loan and home construction revolver, originated in August 2024, were repaid in full to SUNS and TCG affiliates.

How much repayment did Sunrise Realty Trust (SUNS) receive from the Panther National loans?

Sunrise Realty Trust received $31.6 million from the senior term loan and $23.8 million from the home construction revolver. According to SUNS, these amounts represent repayment of its outstanding principal interests within the broader Panther National credit facility structure.

What is the $160 million Panther National credit facility involving Sunrise Realty Trust (SUNS)?

The Panther National credit facility is a $160 million financing package consisting of a senior term loan and a home construction revolver. According to SUNS, these loans were originated in August 2024 to support the Panther National luxury golf and residential community in Florida.

How does the Panther National repayment fit Sunrise Realty Trust’s (SUNS) CRE lending strategy?

The repayment is described as consistent with SUNS’s transitional commercial real estate lending strategy. According to SUNS, the facility provided flexible capital through key business plan milestones and its repayment returns capital that increases capacity to pursue similar risk-adjusted opportunities in target markets.

What and where is the Panther National project financed by Sunrise Realty Trust (SUNS)?

Panther National is a 392-acre private luxury golf and residential community in Palm Beach Gardens, Florida. According to SUNS, it includes 218 residences, additional villas and suites, an 18-hole championship course, a par-3 course, practice facilities, and resort-style amenities.

Who is TCG Real Estate and what is its relationship to Sunrise Realty Trust (SUNS)?

TCG Real Estate is a group of affiliated commercial real estate-focused debt funds. According to TCG, it includes Nasdaq-listed mortgage REIT Sunrise Realty Trust (SUNS) and a private mortgage REIT, Southern Realty Trust, providing flexible financing on transitional CRE properties in Southern U.S. markets.