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Sunrise Realty Trust Expands Revolving Credit Facility to $165 Million with Addition of Customers Bank
WEST PALM BEACH, Fla., March 05, 2026 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (“SUNS” or the “Company”) (Nasdaq: SUNS), 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 $165 million. The Credit Facility, originally established with East W
About this update from Customers Bancorp, Inc
[{"type":"image","alt":"Sunrise Realty Trust, Inc.","displaySize":"","headline":null,"caption":"Sunrise Realty Trust, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":170,"url":"https://media.zenfs.com/en/globenewswire.com/a3ae03aaf388bfed54517213a4c1a002"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/zxHRaoy8dPCX1PHDZL7kmA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIzODtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/a3ae03aaf388bfed54517213a4c1a002","width":300,"height":170}},"lazy":false},{"type":"text","content":"WEST PALM BEACH, Fla., March 05, 2026 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (“SUNS” or the “Company”) (Nasdaq: SUNS), 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 $165 million. The Credit Facility, originally established with East West Bancorp, Inc. in November 2024, remains expandable to $200 million, subject to certain conditions and additional lender participation.","length":638,"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 SUNS, 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 $165 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":424,"tagName":"p"},{"type":"text","content":"About Sunrise Realty Trust, Inc.","length":32,"tagName":"p"},{"type":"text","content":"Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS”) is an institutional commercial real estate (“CRE”) lender providing flexible financing solutions to sponsors of CRE projects primarily in the Southern United States. It focuses on transitional CRE ...