Sunrise Realty Trust, Inc. Expands Revolving Credit Facility to $90 Million with Addition of City National Bank as Joint Lead Arranger
Sunrise Realty Trust (NASDAQ: SUNS) has expanded its senior secured revolving credit facility to $90 million in total commitments. The expansion comes from a new $40 million commitment from City National Bank of Florida (CNB), which joins as Joint Lead Arranger alongside East West Bank, which provided the initial $50 million commitment in November 2024.
The Credit Facility can be further expanded to $200 million, subject to conditions and additional lender participation. The funds will be used to support SUNS' commercial real estate loan pipeline, existing commitments, and general working capital needs. The expansion demonstrates confidence in SUNS' lending approach and market opportunity.
Sunrise Realty Trust (NASDAQ: SUNS) ha ampliato la sua linea di credito revolving senior garantita fino a 90 milioni di dollari in impegni totali. L'espansione deriva da un nuovo impegno di 40 milioni di dollari da parte di City National Bank of Florida (CNB), che si unisce come Joint Lead Arranger insieme a East West Bank, che aveva fornito l'impegno iniziale di 50 milioni di dollari a novembre 2024.
La linea di credito può essere ulteriormente ampliata fino a 200 milioni di dollari, soggetta a condizioni e alla partecipazione di ulteriori finanziatori. I fondi saranno utilizzati per sostenere il portafoglio di prestiti immobiliari commerciali di SUNS, gli impegni esistenti e le necessità generali di capitale circolante. L'espansione riflette la fiducia nell'approccio di prestito di SUNS e nelle opportunità di mercato.
Sunrise Realty Trust (NASDAQ: SUNS) ha ampliado su línea de crédito renovable garantizada senior a un total de 90 millones de dólares en compromisos. La expansión proviene de un nuevo compromiso de 40 millones de dólares por parte de City National Bank of Florida (CNB), que se une como Co-Líder Organizador junto a East West Bank, que proporcionó el compromiso inicial de 50 millones de dólares en noviembre de 2024.
La línea de crédito puede ampliarse aún más hasta 200 millones de dólares, sujeto a condiciones y a la participación de prestamistas adicionales. Los fondos se utilizarán para apoyar la cartera de préstamos inmobiliarios comerciales de SUNS, los compromisos existentes y las necesidades generales de capital de trabajo. La expansión demuestra confianza en el enfoque de préstamo de SUNS y en las oportunidades del mercado.
Sunrise Realty Trust (NASDAQ: SUNS)는 총 약정액을 9천만 달러로 확대하는 선순위 담보 회전 신용 한도를 확장했습니다. 이번 확장은 City National Bank of Florida(CNB)가 신규로 4천만 달러를 약정하며 이루어졌으며, CNB는 2024년 11월에 초기 5천만 달러 약정을 제공한 East West Bank와 공동 주선사로 참여합니다.
신용 한도는 추가 조건과 대출 기관 참여에 따라 최대 2억 달러까지 추가 확장할 수 있습니다. 자금은 SUNS의 상업용 부동산 대출 파이프라인, 기존 약정, 그리고 일반 운전자본 필요를 지원하는 데 사용될 예정입니다. 이번 확장은 SUNS의 대출 전략과 시장 기회에 대한 신뢰를 보여줍니다.
Sunrise Realty Trust (NASDAQ : SUNS) a étendu sa facilité de crédit renouvelable garantie senior à un total de 90 millions de dollars. Cette extension provient d'un nouvel engagement de 40 millions de dollars de la part de City National Bank of Florida (CNB), qui rejoint en tant que co-arrangeur principal aux côtés d'East West Bank, ayant fourni l'engagement initial de 50 millions de dollars en novembre 2024.
La facilité de crédit peut être étendue jusqu'à 200 millions de dollars, sous réserve de conditions et de la participation d'autres prêteurs. Les fonds seront utilisés pour soutenir le portefeuille de prêts immobiliers commerciaux de SUNS, les engagements existants et les besoins généraux en fonds de roulement. Cette extension témoigne de la confiance dans l'approche de prêt de SUNS et les opportunités du marché.
Sunrise Realty Trust (NASDAQ: SUNS) hat seine besicherte revolvierende Kreditfazilität auf insgesamt 90 Millionen US-Dollar erweitert. Die Erweiterung resultiert aus einer neuen Verpflichtung von 40 Millionen US-Dollar durch die City National Bank of Florida (CNB), die sich als Joint Lead Arranger neben der East West Bank anschließt, welche die ursprüngliche Verpflichtung von 50 Millionen US-Dollar im November 2024 bereitgestellt hatte.
Die Kreditfazilität kann unter Vorbehalt von Bedingungen und zusätzlicher Kreditgeberbeteiligung auf bis zu 200 Millionen US-Dollar erweitert werden. Die Mittel werden verwendet, um SUNS' Pipeline für gewerbliche Immobilienkredite, bestehende Verpflichtungen und den allgemeinen Betriebskapitalbedarf zu unterstützen. Die Erweiterung zeigt Vertrauen in SUNS' Kreditvergabeansatz und Marktchancen.
- Secured additional $40 million commitment, expanding credit facility to $90 million total
- Potential for further expansion up to $200 million with additional lender participation
- Addition of City National Bank as second Joint Lead Arranger strengthens lending relationships
- None.
WEST PALM BEACH, Fla., May 20, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (“SUNS”) (Nasdaq: SUNS), a lender on the TCG Real Estate platform, today announced the expansion of its senior secured revolving credit facility (the “Credit Facility”) to
Proceeds from the Credit Facility will be used to fund SUNS’ commercial real estate loan pipeline, support existing commitments, and provide general working capital.
“The continued growth of our credit facility reflects strong confidence in SUNS’ disciplined lending approach and market opportunity,” said Brian Sedrish, Chief Executive Officer of SUNS. “Adding a second leading institution as Joint Lead Arranger gives us added capacity and flexibility to deliver on our strategy and support sustained portfolio growth across the region.”
“This commitment reflects CNB’s confidence in SUNS and its leadership team’s disciplined and proven approach to private credit,” said Anthony Martinez, Director of CNB’s Direct Lender Banking. “This opportunity was originated in coordination with the syndications and placement team within our capital markets business. It is a testament to CNB’s commitment to supporting relationship-centric private credit firms based in Florida.”
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 City National Bank of Florida
City National Bank of Florida (CNB) is the financial institution to which Floridians have turned for more than 75 years. Based in Miami, CNB is the second-largest financial institution in the state, with over 30 branches and nearly 1,000 employees. With more than
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
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