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Latest SUNS News From Around the Web
Below are the latest news stories about SUNRISE REALTY TRUST INC that investors may wish to consider to help them evaluate SUNS as an investment opportunity.
Sunrise Realty Trust Commits $32.0 Million in a Senior Loan for The Loren at Lady Bird Lake in Austin, TexasWEST PALM BEACH, Fla., Dec. 13, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced that it has committed $32.0 million, of which the Company funded $29.9 million, to a $57.0 million senior loan originated by an affiliate on the TCG Real Estate platform. This loan is for the refinancing of The Loren at Lady Bird Lake (the “Project” or “The Loren”), a luxury boutique hotel located in Austin, Texas. The Sponsor is The Loren Group, a leading |
Southern Realty Trust Originates $57.0 Million Senior Loan for The Loren at Lady Bird Lake in Austin, TexasWEST PALM BEACH, Fla., Dec. 13, 2024 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”) today announced that it originated a senior loan in the aggregate amount of $57.0 million for the refinancing of The Loren at Lady Bird Lake (the “Project” or “The Loren”), a luxury hotel located in Austin, Texas. The Sponsor is The Loren Group, a leading real estate company that specializes in developing, owning, and managing luxury hotels in high-demand destination markets. SRT holds $2 |
Sunrise Realty Trust Commits $13.0 Million in a Subordinate Loan for Excel Miami ApartmentsWEST PALM BEACH, Fla., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced that it has committed $13.0 million to a $26.0 million subordinate loan for the development of the Excel Miami Apartments (“Excel” or the “Project”), a 24-story multifamily tower located at 1550 NE Miami Place in Miami’s Art & Entertainment District. An affiliated entity committed the remaining $13.0 million of the total loan amount. Centennial Bank provide |
Sunrise Realty Trust Announces the Successful Closing of a Senior Revolving Credit Facility up to $200 Million with an Initial $50 Million Commitment from East West BankWEST PALM BEACH, Fla., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced the successful closing of a new senior secured revolving credit facility with East West Bank serving as agent and the initial lender (the “Revolving Credit Facility”). The Revolving Credit Facility provides access up to $200 million in borrowing capacity, subject to available borrowing base and additional commitments, with an initial commitment of $50 milli |
Sunrise Realty Trust, Inc. Announces Financial Results for Third Quarter 2024Third quarter 2024 GAAP net income of $1.7 million or $0.26 per basic weighted average common share and Distributable Earnings(1) of $1.9 million or $0.27 per basic weighted average common share WEST PALM BEACH, Fla., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (NASDAQ:SUNS) (“SUNS” or the “Company”) today announced its results for the quarter ended September 30, 2024. SUNS reported generally accepted accounting principles (“GAAP”) net income of $1.7 million or $0.26 per basic w |
Sunrise Realty Trust Commits $30.0 Million in a Senior Loan for Sixth & Rio Condominium Development in Fort LauderdaleWEST PALM BEACH, Fla., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced that it has committed $30.0 million, of which the Company funded $3.6 million, to a $96.0 million senior loan for the development of the Sixth & Rio condominium project (the “Project”) in Fort Lauderdale, Florida. The remaining $66.0 million of the total loan amount was syndicated to two co-lenders, one of whom is an affiliated entity. The Sponsor is OceanL |
Sunrise Realty Trust, Inc.'s (NASDAQ:SUNS) top owners are retail investors with 60% stake, while 27% is held by insidersKey Insights The considerable ownership by retail investors in Sunrise Realty Trust indicates that they collectively... |
Sunrise Realty Trust, Inc. Schedules Third Quarter 2024 Earnings Conference Call for November 7, 2024WEST PALM BEACH, Fla., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced that it plans to report earnings for the quarter ended September 30, 2024 on Thursday, November 7, 2024. SUNS will host a conference call at 10:00 am Eastern Time on Thursday, November 7, 2024, to discuss its quarterly financial results. All interested parties are welcome to participate. The call will be available through a live audio webcast at the Investo |
Sunrise Realty Trust, Inc. Provides Quarterly Business Update and Declares Dividends for Third and Fourth Quarters of 2024Board of Directors Declares a Partial Q3 2024 Dividend of $0.21 per Common Share and a Normal Q4 2024 Dividend of $0.42 per Common ShareWEST PALM BEACH, Fla., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (NASDAQ:SUNS) (“SUNS” or the “Company”) today provided a quarterly business update and announced its dividends for the third and fourth quarters of 2024. On July 9, 2024, the Company finalized its spin-off, establishing itself as a pure-play commercial real estate lender focused |
Sunrise Realty Trust Commits $40.0 Million in Credit Facility for Luxury Golf Community in Palm Beach CountyWEST PALM BEACH, Fla., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced that it has committed $40.0 million of which the Company funded $27.5 million in a credit facility for the development of Panther National (the “Project”), a residential and golf community in Palm Beach Gardens, Florida. Two affiliated entities also committed an aggregate of $120.0 million for a total facility amount of $160.0 million. The Project sponsor i |