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Financial Solutions
for Commercial Real Estate.

 

Sunrise Realty Trust (NASDAQ: SUNS) is an institutional lender that originates and funds loans to commercial real estate projects in the Southern United States. We provide a portfolio with no legacy assets. SUNS takes a patient capital approach to investing, while targeting opportunities for potential value creation. With a disciplined investment process and a commitment to fostering lasting partnerships, we offer flexible and timely financing solutions tailored to the unique needs of each business.

Location: Palm Beach Gardens, FL

Featured

Property: Panther National
Description: Panther National is a distinguished 392-acre gated community featuring approximately 242 residences with an 18-hole championship golf course designed by golf legends Jack Nicklaus and Justin Thomas.
Size: $160 Million
Senior Credit Facility
Location: Palm Beach Gardens, FL

Deal Criteria

Our Geographic Concentration

AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC

Target Markets

Florida
Georgia
Texas
North Carolina
South Carolina
Tennessee
Washington, D.C.

Asset Classes

Multifamily
For-Sale Condominiums
Industrial
Retail
Office
Hospitality
Select Specialty-Use

Use of Capital

Ground-Up Development
Acquisition
Renovations
Repositions
Adaptive Reuse
Liquidity Recapitalization
Non-Cash Flowing Assets
Bridge-to-Stabilization
Cash Flowing Assets
Performing Loans
Non-Performing Loans
HoldCo Loans
Other Special Situations
Portfolio Financing

Whole Loans

Loan Amounts:
$75MM-$250MM+
Interest Rate: 8%+
Term: 3-5 years
Structures: 1st Mortgages
Leverage: Up to 75% LTC

Subordinate Debt

Loan Amounts:
$15MM-$100MM+
Interest Rate: 12%+
Term: 3-5 years
Structures: Subordinate,
Preferred Equity
Leverage:
Up to 75% LTC
Max Senior to Subordinate
Debt of 4:1

The Advantages
of a REIT

SUNS is a real-estate investment trust which gives investors access to income generating commercial real estate investments.

A REIT offers investors several benefits: It’s income-oriented, offering participants a steady stream of quarterly distributions. And since REITs earn their tax exemption by distributing at least 90% of their income to shareholders and a 20% Qualified Business Income Deduction, REITs can typically generate higher-yielding (taxable) distributions.

Why SUNS?

Sunrise Realty Trust provides an ideal vintage with no legacy assets in the portfolio. SUNS takes a patient capital approach to investing, targeting opportunities with clear potential for value creation that meet a defined set of investment criteria. The firm believes that CRE debt markets today present a significant opportunity to capitalize on market dislocations precipitated by rising interest rates, declining liquidity, and retrenchment of banks from CRE lending. SUNS takes into account the impact COVID had on U.S. migration patterns. The Southern United States benefitted from increased population and employment growth, which in select key Southern cities is outpacing the rest of the United States. With an experienced, cycle-tested leadership team, SUNS is well-positioned to capitalize on these market opportunities.

Strategic Focus

Strategically focused on the Southern U.S., we capitalize on the region’s burgeoning economic opportunities fueled by rapid population and employment migration trends. Our resident expertise and strong network provide us with unparalleled access to opportunities.

Disciplined Approach

We implement a robust investment process characterized by high-quality originations, methodical due diligence, specialized structuring, and continuous monitoring. This approach places a strong emphasis on credit discipline at every stage of the cycle, from sourcing opportunities to managing the portfolio.

Partnership Mentality

We strive to cultivate lasting partnerships with our borrowers, sponsors and investors. Sunrise Realty Trust’s customized approach for structuring deals and fostering relationships allows us to provide flexible and timely financing solutions tailored to the unique needs of each business.

LEADERSHIP

The management team has decades of experience investing in commercial real estate and structured credit.

Leonard M. Tannenbaum, CFA

Leonard M. Tannenbaum, CFA

Founder and Executive Chairman

 

Bio

Brian Sedrish

Brian Sedrish

Chief Executive Officer

 

Bio

Robyn Tannenbaum

Robyn Tannenbaum

Partner, President

 

Bio

Sunrise Realty Trust logo

525 Okeechobee Blvd., Suite 1650, West Palm Beach, FL 33401 | 561.510.1919

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