Within the TCG platform, management reported that during the fiscal year ended December 31, 2025, the platform closed on $368 million of loans, with Sunrise committing $247 million and funding $224 million. The company also received $52 million of repayments during 2025. As of February 27, management said the TCG platform had closed on $91 million of loans in 2026, with Sunrise committing $62 million.Tannenbaum characterized 2025 as a “transition year” for the broader real estate market, citing limited tran ...