Sunrise Realty Trust Commits $35.0 Million to a $370.0 Million First Mortgage Loan for the Financing of the Lofty & Standard in Miami, FL
Sunrise Realty Trust (Nasdaq: SUNS) has committed $35.0 million to a $370.0 million first mortgage loan for the Lofty & Standard condominium development in Miami's Brickell neighborhood. The project consists of two luxury towers: the 43-story Lofty with 362 units and the 45-story Standard with 422 units.
The development, a joint venture between Two Roads Development and Newgard Development Group, will feature premium amenities including resort-style pools, fitness facilities, and co-working spaces. TCG Real Estate platform affiliates committed an additional $25.0 million to the first mortgage loan. The project aims to address Miami's market demand for affordable, mid-sized luxury units with waterfront views.
Sunrise Realty Trust (Nasdaq: SUNS) ha impegnato 35,0 milioni di dollari in un mutuo ipotecario di primo grado da 370,0 milioni per lo sviluppo Lofty & Standard nel quartiere Brickell di Miami. Il progetto comprende due torri di lusso: Lofty, di 43 piani con 362 unità, e Standard, di 45 piani con 422 unità.
La joint venture tra Two Roads Development e Newgard Development Group creerà servizi premium tra cui piscine in stile resort, palestre e spazi di coworking. Affiliati della piattaforma TCG Real Estate hanno impegnato ulteriori 25,0 milioni di dollari nel mutuo di primo grado. Il progetto punta a soddisfare la domanda di Miami per unità di lusso di medie dimensioni con vista sul mare.
Sunrise Realty Trust (Nasdaq: SUNS) ha comprometido 35,0 millones de dólares en un préstamo hipotecario de primer grado de 370,0 millones para el desarrollo Lofty & Standard en el barrio Brickell de Miami. El proyecto consta de dos torres de lujo: Lofty, de 43 pisos con 362 unidades, y Standard, de 45 pisos con 422 unidades.
La operación, una empresa conjunta entre Two Roads Development y Newgard Development Group, contará con comodidades premium como piscinas de estilo resort, gimnasios y espacios de coworking. Afiliados de la plataforma TCG Real Estate aportaron 25,0 millones de dólares adicionales al préstamo hipotecario. El proyecto busca atender la demanda del mercado de Miami por unidades de lujo de tamaño medio con vistas al agua.
Sunrise Realty Trust (Nasdaq: SUNS)는 마이애미의 Brickell 지역에 위치한 Lofty & Standard 콘도 개발을 위한 370.0백만 달러의 1순위 모기대출에 35.0백만 달러를 약정했습니다. 이 프로젝트는 43층의 Lofty(362세대)와 45층의 Standard(422세대)로 구성된 두 개의 럭셔리 타워로 이루어져 있습니다.
Two Roads Development와 Newgard Development Group의 공동투자로, 리조트 스타일 풀, 피트니스 시설, 코워킹 스페이스 등 프리미엄 편의시설이 들어갈 예정입니다. TCG Real Estate 플랫폼 제휴사들은 추가로 25.0백만 달러를 1순위 모기대출에 약정했습니다. 이 프로젝트는 해안가 전망을 가진 중형 럭셔리 유닛에 대한 마이애미의 수요를 충족시키는 것을 목표로 합니다.
Sunrise Realty Trust (Nasdaq: SUNS) s’est engagé à hauteur de 35,0 millions de dollars dans un prêt hypothécaire de premier rang de 370,0 millions pour le développement Lofty & Standard dans le quartier Brickell de Miami. Le projet comprend deux tours de luxe : Lofty, 43 étages et 362 unités, et Standard, 45 étages et 422 unités.
Mené en coentreprise entre Two Roads Development et Newgard Development Group, le développement offrira des équipements haut de gamme tels que piscines façon resort, salles de sport et espaces de coworking. Des affiliés de la plateforme TCG Real Estate ont engagé 25,0 millions de dollars supplémentaires dans le prêt hypothécaire de premier rang. Le projet vise à répondre à la demande de Miami pour des unités de luxe de taille moyenne avec vue sur l’eau.
Sunrise Realty Trust (Nasdaq: SUNS) hat sich mit 35,0 Millionen USD an einem Erste-Hypothekendarlehen in Höhe von 370,0 Millionen USD für die Lofty & Standard-Entwicklung im Brickell-Viertel von Miami verpflichtet. Das Projekt umfasst zwei Luxustürme: Lofty mit 43 Etagen und 362 Wohneinheiten sowie Standard mit 45 Etagen und 422 Wohneinheiten.
Das Joint Venture zwischen Two Roads Development und Newgard Development Group wird Premium-Einrichtungen wie Resorts-Pools, Fitnessstudios und Co-Working-Spaces bieten. Affiliates der TCG Real Estate-Plattform haben zusätzlich 25,0 Millionen USD zum Erstrang-Darlehen zugesagt. Ziel des Projekts ist es, die Marktnachfrage in Miami nach mittelgroßen Luxuseinheiten mit Wasserblick zu bedienen.
Sunrise Realty Trust (ناسداك: SUNS) تلتزم بمبلغ 35.0 مليون دولار كقرض رهن عقاري من الدرجة الأولى بقيمة 370.0 مليون دولار لتطوير Lofty & Standard في حي Brickell بميامي. يتكون المشروع من برجيْن فخمَيْن: Lofty من 43 طابقًا و< b>362 وحدة وStandard من 45 طابقًا و< b>422 وحدة.
الشراكة بين Two Roads Development وNewgard Development Group ستضم مرافق راقية مثل مسابح على طراز المنتجعات، ومرافق لياقة بدنية ومساحات عمل مشتركة. قام شركاء منصة TCG Real Estate بالتزامات إضافية قدرها 25.0 مليون دولار للقرض الرهن الأول. يهدف المشروع إلى تلبية الطلب في سوق ميامي على وحدات فاخرة متوسطة الحجم مع إطلالات على الماء.
Sunrise Realty Trust（纳斯达克：SUNS） 已投入 3500万美元，用于一笔 3.70亿美元的第一抵押贷款，以支持迈阿密 Brickell 区的 Lofty & Standard 公寓开发项目。该项目由两座豪华高层组成：43 层的 Lofty 拥有 362 套单位，以及 45 层的 Standard 拥有 422 套单位。
该开发为 Two Roads Development 与 Newgard Development Group 的合资项目，将提供度假村风格的泳池、健身设施与共作空间等高端配套设施。TCG Real Estate 平台的关联方还额外承诺 2500万美元用于首抵押贷款。项目目标是在迈阿密市场满足带水景的中型豪华单位的需求。
- Strategic investment in Miami's growing luxury real estate market
- Strong pre-sales demand indicating market validation
- Partnership with leading regional developers Two Roads and Newgard
- Project addresses market gap for affordable luxury units in prime location
- Significant exposure to Miami real estate market risks
- Large loan commitment relative to company's portfolio
Insights
SUNS expands loan portfolio with $35M commitment to Miami luxury condo project, showing strategic focus on Southern U.S. markets.
Sunrise Realty Trust (SUNS) has committed
The development consists of two high-rise towers – the 43-story Lofty with 362 units and the 45-story Standard with 422 units – totaling 784 luxury condominiums. The project's location near Brickell City Centre positions it in one of Miami's most desirable neighborhoods, while its focus on "affordable, mid-sized units with quality finishes" targets an underserved market segment between budget and ultra-luxury offerings.
This investment aligns with SUNS' stated strategy of focusing on high-quality commercial real estate loans in the Southern United States. The partnership with established developers Two Roads Development and Newgard Development Group adds credibility to the project. The press release notes "strong demand" in pre-sales, suggesting the development has validation from the target market, a critical factor for condominium project success.
This loan commitment demonstrates SUNS' confidence in both the Miami luxury condominium market and its ability to identify profitable lending opportunities in a competitive financing environment. The investment diversifies SUNS' portfolio with exposure to residential development while maintaining its focus on first-lien positions that offer priority in the capital stack.
WEST PALM BEACH, Fla., Sept. 29, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (“SUNS” or the “Company”) (Nasdaq: SUNS), a lender on the Tannenbaum Capital Group (“TCG”) Real Estate platform, today announced that it has committed
The Project, located on the Miami River one block from the Brickell City Centre in Miami, includes a 43-story north tower (“Lofty”) with 362 luxury units and a 45-story south tower (“Standard”) with 422 luxury units. The towers will feature first-class amenities, spanning four floors in the Lofty and three floors in the Standard, with each tower including its own entertainment spaces, a resort-style pool deck, a fitness & spa complex, and co-working spaces. Additionally, the Lofty will house a full-floor membership club, and the Standard will have its own 8,000 SF rooftop club lounge & café. The Project presents a niche offering of affordable, mid-sized units with quality finishes and waterfront views. Pre-sales for the Lofty & Standard have so far shown strong demand.
“This Project fills a growing void we are seeing in the Miami market for home buyers – it offers a luxury product in a vibrant, trendy area close to downtown,” said Brian Sedrish, Chief Executive Officer of SUNS, adding “With a pair of the region’s leading developers in Two Roads and Newgard, and a business plan that is progressing right on track, we are thrilled to add this investment to our growing portfolio of high-quality loans to CRE projects in the Southern U.S.”
About Sunrise Realty Trust, Inc.
Sunrise Realty Trust, Inc. (Nasdaq: SUNS) is an institutional commercial real estate (“CRE”) lender providing flexible financing solutions to sponsors of CRE projects 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 CRE-focused debt funds, including a Nasdaq-listed mortgage 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, please visit www.theTCG.com.
Forward-Looking Statements
Certain statements contained in this press release, including those that express a belief, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements. The Company’s forward-looking statements are generally accompanied by words such as “intend,” “will,” “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “potential,” “plan,” “goal” or other words that convey the uncertainty of future events or outcomes. Statements, among others, relating to the Company’s beliefs with respect to demand in the Miami, Florida market and the Property’s positioning in the market are forward-looking statements. Forward-looking statements contained in this press release speak only as of the date of this press release. The Company disclaims any obligation to update these statements unless required by law, and the Company cautions you not to rely on them unduly. The Company has based these forward-looking statements on its current expectations and assumptions about future events, which the Company considers reasonable. However, these forward-looking statements are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and beyond the Company’s control. Certain factors, risks and uncertainties discussed under the caption “Risk Factors” and elsewhere in the Company’s filings available on the SEC’s website could cause actual results and performance in the future to differ materially from those set forth in or implied by such forward-looking statements.
Investor Relations Contact
Robyn Tannenbaum
561-510-2293
ir@thetcg.com
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