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

Core Viewpoint - Sunrise Realty Trust, Inc. has expanded its senior secured revolving credit facility to $140 million with the addition of EverBank, enhancing its financial flexibility for growth opportunities in commercial real estate [1][3]. Group 1: Credit Facility Expansion - The credit facility now totals $140 million, with EverBank committing $50 million, and it remains expandable to $200 million under certain conditions [1][2]. - Proceeds from the credit facility will support unfunded commitments under existing loans, fund the commercial real estate loan pipeline, and provide general working capital [2]. Group 2: Company Strategy and Market Position - The expansion of the credit facility demonstrates the strength of the company's lending platform and the trust established with financing partners [3]. - The company focuses on transitional commercial real estate projects in the Southern United States, aiming for near-term value creation [4][5]. Group 3: Partner Institutions - EverBank's involvement signifies a commitment to providing customized loan structures that meet borrowers' specific needs [3][6]. - East West Bank, the original partner in the credit facility, is a significant player with total assets of $76 billion as of December 31, 2024 [7].