Sunrise Realty Trust Commits $35.0 Million to a $370.0 Million First Mortgage Loan for the Financing of the Lofty & Standard in Miami, FL

Core Insights - Sunrise Realty Trust, Inc. has committed $35.0 million to a $370.0 million first mortgage loan for the Lofty & Standard condominium development in Miami, Florida [1] - The project features two towers with a total of 784 luxury units and high-end amenities, indicating strong demand in the Miami real estate market [2][3] Company Overview - Sunrise Realty Trust, Inc. is an institutional commercial real estate lender focusing on transitional CRE projects in the Southern United States [4] - The company aims to provide flexible financing solutions that facilitate near-term value creation, primarily targeting established and rapidly expanding markets [5] Project Details - The Lofty tower will have 362 luxury units, while the Standard tower will have 422 units, both offering premium amenities [2] - The project is a joint venture between Two Roads Development and Newgard Development Group, highlighting collaboration with leading developers in the region [1][3]