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Southern Realty Trust Expands Revolving Credit Facility to $100 Million with Addition of EverBank as Joint Lead Arranger
WEST PALM BEACH, Fla., June 02, 2025 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”), 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 $100 million. The Credit Facility, originally established with East West Bancorp, Inc. (“East West Bank”) in
About this update from Sunrise Realty Trust, 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., June 02, 2025 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”), 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 $100 million. The Credit Facility, originally established with East West Bancorp, Inc. (“East West Bank”) in January 2025, remains expandable to $200 million, subject to certain conditions and additional lender participation.","length":617,"tagName":"p"},{"type":"text","content":"Proceeds from the Credit Facility will continue to support unfunded commitments under existing loans, fund SRT’s commercial real estate loan pipeline in alignment with the Company’s investment strategy, and provide general working capital.","length":239,"tagName":"p"},{"type":"text","content":"“The addition of EverBank to our credit facility underscores the confidence that our partners have in SRT’s investment strategy, management team and the compelling market opportunity ahead,” said Leonard Tannenbaum, Executive Chairman of SRT. “Welcoming another top-tier institution further enhances our capacity to provide debt to borrowers and sponsors of CRE assets as we continue to scale our portfolio across our target markets.”","length":434,"tagName":"p"},{"type":"text","content":"“EverBank is pleased to work with SRT as it advances the growth of its platform and expands its commercial real estate loan portfolio. This transaction underscores our focus on providing bespoke lending solutions that meet the distinct needs of our clients, and we look forward to continuing our relationship with SRT,” said Kevin Mammoser, Managing Director, EverBank...