Core Insights - Mag Mile Capital successfully arranged $15.9 million in financing for the acquisition of the Hampton Inn El Paso by Nexgen Management, a hotel ownership and management firm based in Dallas [1][4] - The financing package includes a $13.9 million senior CMBS loan and a $2 million mezzanine loan, achieving over 80% loan-to-purchase price leverage [2][4] - The transaction highlights the challenges in securing mezzanine financing in the current market, yet Mag Mile Capital was able to provide competitive terms [3] Financing Details - Total Financing: $15,900,000 [4] - Senior Loan: $13,900,000 [4] - Mezzanine Loan: $2,000,000 [4] - Total Leverage: 80%+ Loan-to-Purchase Price [4] - Term: 5 Years [4] - Rate Type: Fixed Rate [4] Market Positioning - The Texas border market offers unique opportunities, and Nexgen Management's experience in this area made them a suitable candidate for the transaction [3] - Mag Mile Capital's ability to creatively source and structure capital, even in limited market segments, is emphasized [4] - This transaction marks the fourth deal closed with Nexgen Management, totaling over $75 million in closed deals with the client [4] Company Overview - Mag Mile Capital is a boutique commercial real estate mortgage banking firm headquartered in Chicago, specializing in sophisticated financing solutions since 1991 [5] - The firm leverages deep capital markets relationships to deliver tailored solutions across all major asset classes [5]

Core Viewpoint - Timbercreek Financial reported solid performance in Q2 2025, with positive commercial real estate conditions despite macroeconomic volatility related to tariffs [3]. Financial Performance - Net mortgage investments increased to $1,114.0 million in Q2 2025, up from $1,003.4 million in Q2 2024, representing an increase of $110.6 million or 11.0% year-over-year [4][5]. - Net investment income for Q2 2025 was $25.2 million, compared to $26.4 million in Q2 2024 [5]. - Net income and comprehensive income decreased to $12.4 million in Q2 2025 from $15.4 million in Q2 2024 [5]. - Distributable income was $14.6 million ($0.18 per share) in Q2 2025, down from $16.3 million ($0.20 per share) in Q2 2024 [5][6]. - The company declared dividends of $14.3 million, maintaining a payout ratio of 97.8% on distributable income [5][6]. Portfolio and Investment Strategy - The weighted average interest rate on the portfolio was 8.6% for Q2 2025, with 87.4% of loans being variable rate loans with interest rate floors [6]. - The company has made significant progress in resolving remaining staged loans, addressing over $80.0 million in Stage 2 and 3 loans in Q2 2025 [5]. - New loan originations were more heavily weighted towards the end of the quarter, indicating a strategic focus on portfolio expansion [5]. Market Conditions - The commercial real estate market remains positive, with stabilized rates creating a favorable environment for portfolio growth [3]. - The core asset class, multi-family residential, is expected to perform well amid economic uncertainty, providing a buffer against potential impacts from tariffs [5].

Core Insights - Sunrise Realty Trust, Inc. ("SUNS") has expanded its senior secured revolving credit facility to $90 million, following a new $40 million commitment from City National Bank of Florida (CNB) [1][2] - The credit facility is expandable to $200 million, subject to customary conditions and additional lender participation [1] - Proceeds from the credit facility will be utilized to fund SUNS' commercial real estate loan pipeline, support existing commitments, and provide general working capital [2] Company Overview - Sunrise Realty Trust, Inc. is an institutional commercial real estate lender focusing on transitional CRE business plans with potential for near-term value creation, primarily in the Southern United States [4] - The company is part of the TCG Real Estate platform, which includes affiliated CRE-focused debt funds [5] Financial Institutions Involved - City National Bank of Florida (CNB) is the second-largest financial institution in Florida, with over $26 billion in assets and a strong focus on commercial banking and real estate lending [6] - East West Bank, the Administrative Agent for the credit facility, has total assets of $76 billion and operates over 110 locations in the U.S. and Asia [7]