Transitional CRE projects financing
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Sunrise Realty Trust Commits $48 Million to a Senior Whole Loan to Refinance a 15-Property Portfolio of Graduate by Hilton Hotels
Globenewswire· 2026-02-18 13:00
Core Insights - Sunrise Realty Trust, Inc. has committed $48 million of a $69 million B-note for refinancing a 15-property portfolio of Graduate by Hilton hotels, totaling $406 million in proceeds [1][2][3] Group 1: Company Overview - Sunrise Realty Trust, Inc. (SUNS) is an institutional commercial real estate lender focused on transitional CRE projects primarily in the Southern United States [4] - The company aims to provide flexible financing solutions that create near-term value, collateralized by top-tier assets in rapidly expanding markets [4][5] Group 2: Investment Strategy - The investment strategy involves targeting university-anchored lodging due to high demand and potential for portfolio synergies [2] - The portfolio includes upscale hotels located in major university markets such as the University of Michigan, University of Virginia, and UC Berkeley [2] Group 3: Partnership and Market Position - The transaction highlights the company's ability to identify opportunities in markets with captive demand and limited new supply [3] - The CEO emphasizes the importance of cultivating long-term partnerships to support the vision for premier assets [3]