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MacKenzie Realty Capital Completes The Refinancing of Loan for the Main Street West Property
GlobeNewswire News Room· 2025-06-11 22:21
ORINDA, Calif., June 11, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (Nasdaq: MKZR) (“MacKenzie” or the “Company”) is pleased to announce the successful refinancing of the Main Street West property in Napa, CA. The refinancing was completed with EverTrust Bank for approximately $9.5 million, a term for 3 years with a current interest rate of 7.5% (Prime).   The Main Street West property is 40,000 square feet with retail and professional suites located at 1250 Main Street in downtown Napa. Robert ...
Southern Realty Trust Expands Revolving Credit Facility to $100 Million with Addition of EverBank as Joint Lead Arranger
GlobeNewswire News Room· 2025-06-02 11:30
Core Insights - Southern Realty Trust Inc. ("SRT") has expanded its senior secured revolving credit facility by adding EverBank, N.A., increasing total committed capital to $100 million, with the potential to expand to $200 million [1][2][3] Company Overview - SRT was established in 2023 to originate commercial real estate (CRE) debt investments in the Southern U.S., targeting high-quality borrowers and sponsors with transitional business plans [4] - The company aims to create a diversified investment portfolio, focusing on first mortgages, B-notes, mezzanine loans, and debt-like preferred securities across various CRE asset classes [4] Industry Context - TCG Real Estate consists of affiliated CRE-focused debt funds, including SRT, which provide flexible financing for transitional CRE properties with near-term value creation potential [5] - The Southern U.S. markets are highlighted as benefiting from economic tailwinds and growth potential, making them attractive for CRE investments [5]
Sunrise Realty Trust Expands Revolving Credit Facility to $140 Million with Addition of EverBank as Joint Lead Arranger
Globenewswire· 2025-05-29 20:05
WEST PALM BEACH, Fla., May 29, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (“SUNS” or the “Company”) (Nasdaq: SUNS), a lender on the TCG Real Estate platform, today announced the expansion of its senior secured revolving credit facility (the “Credit Facility”) with the addition of EverBank, N.A. (“EverBank”). EverBank has committed $50 million to the facility, bringing total committed capital to $140 million. The Credit Facility, originally established with East West Bancorp, Inc. (“East West Bank”) ...
Sunrise Realty Trust, Inc. Expands Revolving Credit Facility to $90 Million with Addition of City National Bank as Joint Lead Arranger
Globenewswire· 2025-05-20 11:30
TCG Real Estate refers to a group of affiliated CRE-focused debt funds, including a Nasdaq-listed mortgage REIT, Sunrise Realty Trust, Inc. (Nasdaq: SUNS), and a private mortgage REIT, Southern Realty Trust Inc. The funds provide flexible financing on transitional CRE properties that present opportunities for near-term value creation, with a focus on top-tier CRE assets located primarily within markets in the Southern U.S. benefitting from economic tailwinds with growth potential. WEST PALM BEACH, Fla., May ...