Business
Southern Realty Trust Expands Revolving Credit Facility to $125 Million with Addition of Customers Bank
WEST PALM BEACH, Fla., March 05, 2026 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”), a lender on the Tannenbaum Capital Group (“TCG”) Real Estate platform, today announced the expansion of its senior secured revolving credit facility (the “Credit Facility”) with the addition of Customers Bank. Customers Bank has committed $25 million to the facility, bringing total committed capital to $125 million. The Credit Facility, originally established with East West Bancorp, Inc
About this update from Customers Bancorp, Inc
[{"type":"image","alt":"Southern Realty Trust Inc.","displaySize":"","headline":null,"caption":"Southern Realty Trust Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":300,"url":"https://media.zenfs.com/en/globenewswire.com/b1633b82bf91328310758df61415bed5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/xg5FB1mk9xZ3DBHdxYPcKA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQyMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/b1633b82bf91328310758df61415bed5","width":300,"height":300}},"lazy":false},{"type":"text","content":"WEST PALM BEACH, Fla., March 05, 2026 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”), a lender on the Tannenbaum Capital Group (“TCG”) Real Estate platform, today announced the expansion of its senior secured revolving credit facility (the “Credit Facility”) with the addition of Customers Bank. Customers Bank has committed $25 million to the facility, bringing total committed capital to $125 million. The Credit Facility, originally established with East West Bancorp, Inc. in November 2025, remains expandable to $200 million, subject to certain conditions and additional lender participation.","length":622,"tagName":"p"},{"type":"text","content":"Proceeds from the Credit Facility will be used to finance the Company’s ongoing originations across its target CRE markets, fund future draws and unfunded commitments under existing loans, and manage liquidity and capital needs associated with portfolio growth.","length":261,"tagName":"p"},{"type":"text","content":"Leonard Tannenbaum, Executive Chairman of SRT, said, “We’re excited to add Customers to our financing group as we continue to broaden and diversify our bank relationships. Increasing total commitments to $125 million further strengthens our liquidity profile and enhances our ability to act quickly on attractive, well-structured opportunities while maintaining a disciplined approach to credit and portfolio construction.”","length":423,"tagName":"p"},{"type":"text","content":"About Southern Realty Trust Inc.","length":32,"tagName":"p"},{"type":"text","content":"SRT was formed in 2023 to originate commercial real estate (“CRE”) debt investments primarily in the Southern U.S. and provide capital to high-quality borrowers and sponsors with transitional business plans collateralized by top-tier CRE assets with opportunities f...