Sunrise Realty Trust Expands Revolving Credit Facility to $140 Million with Addition of EverBank as Joint Lead Arranger
Sunrise Realty Trust (NASDAQ: SUNS) has expanded its senior secured revolving credit facility with the addition of EverBank, which committed $50 million to the facility. This expansion brings the total committed capital to $140 million, up from the original facility established with East West Bank in November 2024. The Credit Facility remains expandable to $200 million, subject to conditions and additional lender participation.
The facility will support unfunded commitments under existing loans, fund SUNS' commercial real estate loan pipeline, and provide general working capital. This marks EverBank as the third institutional bank to join the credit facility, demonstrating confidence in SUNS' lending platform.
Sunrise Realty Trust (NASDAQ: SUNS) ha ampliato la sua linea di credito revolving senior garantita con l'ingresso di EverBank, che ha impegnato 50 milioni di dollari nella struttura. Questa espansione porta il capitale totale impegnato a 140 milioni di dollari, rispetto alla linea originaria istituita con East West Bank nel novembre 2024. La linea di credito rimane ampliabile fino a 200 milioni di dollari, soggetta a condizioni e alla partecipazione di ulteriori finanziatori.
La struttura supporterà gli impegni non erogati relativi ai prestiti esistenti, finanzierà il portafoglio di prestiti immobiliari commerciali di SUNS e fornirà capitale circolante generale. EverBank diventa così la terza banca istituzionale a unirsi alla linea di credito, dimostrando fiducia nella piattaforma di prestito di SUNS.
Sunrise Realty Trust (NASDAQ: SUNS) ha ampliado su línea de crédito renovable senior garantizada con la incorporación de EverBank, que comprometió 50 millones de dólares a la facilidad. Esta expansión eleva el capital comprometido total a 140 millones de dólares, desde la facilidad original establecida con East West Bank en noviembre de 2024. La línea de crédito puede ampliarse hasta 200 millones de dólares, sujeto a condiciones y a la participación de prestamistas adicionales.
La facilidad respaldará compromisos no financiados bajo préstamos existentes, financiará la cartera de préstamos inmobiliarios comerciales de SUNS y proporcionará capital de trabajo general. EverBank se convierte en el tercer banco institucional en unirse a la línea de crédito, demostrando confianza en la plataforma de préstamos de SUNS.
Sunrise Realty Trust (NASDAQ: SUNS)는 EverBank가 5,000만 달러를 약정하며 선순위 담보 회전 신용 시설을 확장했습니다. 이번 확장으로 총 약정 자본금은 2024년 11월 East West Bank와 체결한 기존 시설에서 1억 4,000만 달러로 증가했습니다. 신용 시설은 조건과 추가 대출 기관 참여에 따라 최대 2억 달러까지 확장 가능합니다.
이 시설은 기존 대출의 미집행 약정을 지원하고, SUNS의 상업용 부동산 대출 파이프라인을 자금 조달하며, 일반 운전자본을 제공합니다. EverBank는 세 번째 기관 은행으로 신용 시설에 참여하여 SUNS 대출 플랫폼에 대한 신뢰를 보여주고 있습니다.
Sunrise Realty Trust (NASDAQ : SUNS) a étendu sa facilité de crédit renouvelable senior garantie avec l'ajout de EverBank, qui s'est engagé à hauteur de 50 millions de dollars. Cette extension porte le capital total engagé à 140 millions de dollars, contre la facilité initiale établie avec East West Bank en novembre 2024. La facilité de crédit reste extensible jusqu'à 200 millions de dollars, sous réserve de conditions et de la participation d'autres prêteurs.
Cette facilité soutiendra les engagements non financés des prêts existants, financera le portefeuille de prêts immobiliers commerciaux de SUNS et fournira des fonds de roulement généraux. EverBank devient ainsi la troisième banque institutionnelle à rejoindre la facilité de crédit, témoignant de la confiance envers la plateforme de prêt de SUNS.
Sunrise Realty Trust (NASDAQ: SUNS) hat seine besicherte revolvierende Kreditfazilität durch die Aufnahme von EverBank, das 50 Millionen US-Dollar zugesagt hat, erweitert. Diese Erweiterung erhöht das zugesagte Kapital auf insgesamt 140 Millionen US-Dollar, gegenüber der ursprünglichen Fazilität, die im November 2024 mit der East West Bank eingerichtet wurde. Die Kreditfazilität kann unter bestimmten Bedingungen und bei Beteiligung weiterer Kreditgeber auf bis zu 200 Millionen US-Dollar ausgeweitet werden.
Die Fazilität wird ungenutzte Verpflichtungen aus bestehenden Krediten absichern, die Pipeline von SUNS für gewerbliche Immobilienkredite finanzieren und allgemeines Betriebskapital bereitstellen. EverBank ist damit die dritte institutionelle Bank, die sich der Kreditfazilität anschließt, was Vertrauen in die Kreditplattform von SUNS zeigt.
- Secured additional $50 million in committed capital, expanding credit facility to $140 million
- Potential for further expansion up to $200 million
- Addition of third institutional bank (EverBank) demonstrates growing creditor confidence
- Enhanced financial flexibility for pursuing new opportunities and portfolio growth
- None.
WEST PALM BEACH, Fla., May 29, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (“SUNS” or the “Company”) (Nasdaq: SUNS), a lender on the TCG Real Estate platform, today announced the expansion of its senior secured revolving credit facility (the “Credit Facility”) with the addition of EverBank, N.A. (“EverBank”). EverBank has committed
Proceeds from the Credit Facility will continue to support unfunded commitments under existing loans, fund SUNS’ commercial real estate loan pipeline in alignment with the Company’s investment strategy, and provide general working capital.
“Adding a third institutional bank to the credit facility highlights the strength of SUNS’ lending platform and the trust we’ve built with our financing partners,” said Leonard Tannenbaum, Executive Chairman of SUNS. “Expanding the facility to
“EverBank is pleased to support SUNS as it continues expansion of its platform and growth of its CRE loan portfolio. Joining this credit facility highlights our desire to offer highly customized loan structures that serve borrowers’ specific requirements, and we look forward to serving SUNS’ evolving needs in the future,” said Kevin Mammoser, Managing Director, EverBank Structured Real Estate.
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. benefitting from economic tailwinds with growth potential.
About EverBank
EverBank, N.A. (“EverBank”) is a nationwide specialty bank providing high-value products and services to consumer and commercial clients nationwide. As a pioneer in online banking, we offer convenient digital access for clients 24/7, in addition to phone banking services and a network of financial centers across Florida and California. EverBank’s commitment is to deliver to our clients high-performing, high-yield solutions backed by exceptional service, always giving them the advantage they expect, to make the most of their money. Visit everbank.com or connect and interact with us on Facebook, Instagram, LinkedIn or X. EverBank is a Member FDIC.
About East West Bank
East West Bank provides financial services that help customers reach further and connect to new opportunities. East West Bancorp, Inc. is a public company (Nasdaq: EWBC) with total assets of
Investor Relations Contact
Robyn Tannenbaum
561-510-2293
ir@sunriserealtytrust.com
FAQ
What is the new size of SUNS credit facility after EverBank's commitment?
How will Sunrise Realty Trust (SUNS) use the expanded credit facility?
Who are the lending partners in SUNS's credit facility?
What is the maximum potential size of SUNS's credit facility?
