Sunrise Realty Trust Expands Revolving Credit Facility to $140 Million with EverBank as Joint Lead Arranger

Reuters
05-30
Sunrise Realty Trust Expands Revolving Credit Facility to $140 Million with EverBank as Joint Lead Arranger

Sunrise Realty Trust Inc. has announced the expansion of its senior secured revolving credit facility to $140 million with the addition of EverBank as a joint lead arranger. EverBank has committed $50 million to the facility, initially established with East West Bancorp, Inc. in November 2024. The credit facility is expandable to $200 million, contingent upon certain conditions and additional lender participation. The proceeds will support unfunded commitments under existing loans, fund Sunrise Realty Trust's commercial real estate loan pipeline, and provide general working capital. This expansion underscores the strength of Sunrise Realty's lending platform and the trust it has built with financing partners.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sunrise Realty Trust Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9460326-en) on May 29, 2025, and is solely responsible for the information contained therein.

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