Sunrise Realty Trust Inc. Expands Credit Facility to $90 Million with City National Bank as Joint Lead Arranger

Reuters

05-20

<a href="https://laohu8.com/S/SUNS">Sunrise Realty Trust Inc</a>. Expands Credit Facility to $90 Million with City National Bank as Joint Lead Arranger

Sunrise Realty Trust Inc. has announced an expansion of its senior secured revolving credit facility to $90 million, following a new $40 million commitment from City National Bank of Florida. This addition positions CNB as a Joint Lead Arranger alongside East West Bank, which initially provided a $50 million commitment when the facility was established in November 2024. The expanded credit facility, which remains expandable to $200 million, will be utilized to fund Sunrise Realty Trust's commercial real estate loan pipeline, support existing commitments, and provide general working capital. This development underscores the strong confidence in Sunrise Realty Trust's disciplined lending approach and market opportunities.

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: GNW9454630-en) on May 20, 2025, and is solely responsible for the information contained therein.

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Expands Credit Facility to $90 Million with City National Bank as Joint Lead Arranger","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/SUNS\">Sunrise Realty Trust Inc</a>. Expands Credit Facility to $90 Million with City National Bank as Joint Lead Arranger\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Sunrise Realty Trust Inc. has announced an expansion of its senior secured revolving credit facility to $90 million, following a new $40 million commitment from City National Bank of Florida. This addition positions CNB as a Joint Lead Arranger alongside East West Bank, which initially provided a $50 million commitment when the facility was established in November 2024. 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Expands Credit Facility to $90 Million with City National Bank as Joint Lead Arranger\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-05-20 19:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/SUNS\">Sunrise Realty Trust Inc</a>. Expands Credit Facility to $90 Million with City National Bank as Joint Lead Arranger\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Sunrise Realty Trust Inc. has announced an expansion of its senior secured revolving credit facility to $90 million, following a new $40 million commitment from City National Bank of Florida. This addition positions CNB as a Joint Lead Arranger alongside East West Bank, which initially provided a $50 million commitment when the facility was established in November 2024. The expanded credit facility, which remains expandable to $200 million, will be utilized to fund Sunrise Realty Trust's commercial real estate loan pipeline, support existing commitments, and provide general working capital. 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ID: GNW9454630-en) on May 20, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BGHQF748.EUR","symbol_name":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250520:nNDL30dj7k:1","article_id":"2536611012","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536611012","pubTimestamp":1747740613,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Sunrise Realty Trust Inc. has announced an expansion of its senior secured revolving credit facility to $90 million, following a new $40 million commitment from City National Bank of Florida. 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Expands Credit Facility to $90 Million with City National Bank as Joint Lead Arranger\n    \n\n        Sunrise Realty Trust Inc. has announced an expansion of its senior secured revolving credit facility to $90 million, following a new $40 million commitment from City National Bank of Florida. This addition positions CNB as a Joint Lead Arranger alongside East West Bank, which initially provided a $50 million commitment when the facility was established in November 2024. The expanded credit facility, which remains expandable to $200 million, will be utilized to fund Sunrise Realty Trust's commercial real estate loan pipeline, support existing commitments, and provide general working capital. This development underscores the strong confidence in Sunrise Realty Trust's disciplined lending approach and market opportunities.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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