Sunrise AG真人官方ty Trust Expands Revolving Credit Facility to $140 Million with Addition of EverBank as Joint Lead Arranger
Sunrise AG真人官方ty Trust (NASDAQ: SUNS) has expanded its senior secured revolving credit facility with the addition of EverBank, which committed $50 million to the facility. This expansion brings the total committed capital to $140 million, up from the original facility established with East West Bank in November 2024. The Credit Facility remains expandable to $200 million, subject to conditions and additional lender participation.
The facility will support unfunded commitments under existing loans, fund SUNS' commercial real estate loan pipeline, and provide general working capital. This marks EverBank as the third institutional bank to join the credit facility, demonstrating confidence in SUNS' lending platform.
Sunrise AG真人官方ty Trust (NASDAQ: SUNS) ha ampliato la sua linea di credito revolving senior garantita con l'ingresso di EverBank, che ha impegnato 50 milioni di dollari nella struttura. Questa espansione porta il capitale totale impegnato a 140 milioni di dollari, rispetto alla linea originaria istituita con East West Bank nel novembre 2024. La linea di credito rimane ampliabile fino a 200 milioni di dollari, soggetta a condizioni e alla partecipazione di ulteriori finanziatori.
La struttura supporter脿 gli impegni non erogati relativi ai prestiti esistenti, finanzier脿 il portafoglio di prestiti immobiliari commerciali di SUNS e fornir脿 capitale circolante generale. EverBank diventa cos矛 la terza banca istituzionale a unirsi alla linea di credito, dimostrando fiducia nella piattaforma di prestito di SUNS.
Sunrise AG真人官方ty Trust (NASDAQ: SUNS) ha ampliado su l铆nea de cr茅dito renovable senior garantizada con la incorporaci贸n de EverBank, que comprometi贸 50 millones de d贸lares a la facilidad. Esta expansi贸n eleva el capital comprometido total a 140 millones de d贸lares, desde la facilidad original establecida con East West Bank en noviembre de 2024. La l铆nea de cr茅dito puede ampliarse hasta 200 millones de d贸lares, sujeto a condiciones y a la participaci贸n de prestamistas adicionales.
La facilidad respaldar谩 compromisos no financiados bajo pr茅stamos existentes, financiar谩 la cartera de pr茅stamos inmobiliarios comerciales de SUNS y proporcionar谩 capital de trabajo general. EverBank se convierte en el tercer banco institucional en unirse a la l铆nea de cr茅dito, demostrando confianza en la plataforma de pr茅stamos de SUNS.
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鞚� 鞁滌劋鞚� 旮办〈 雽�於滌潣 氙胳頄� 鞎届爼鞚� 歆�鞗愴晿瓿�, SUNS鞚� 靸侅梾鞖� 攵�霃欖偘 雽�於� 韺岇澊頂勲澕鞚胳潉 鞛愱笀 臁半嫭頃橂┌, 鞚茧皹 鞖挫爠鞛愲掣鞚� 鞝滉车頃╇媹雼�. EverBank电� 靹� 氩堨Ц 旮瓣磤 鞚�頄夓溂搿� 鞁犾毄 鞁滌劋鞐� 彀胳棳頃橃棳 SUNS 雽�於� 頂岆灚韽检棎 雽�頃� 鞁犽毳� 氤挫棳欤缄碃 鞛堨姷雼堧嫟.
Sunrise AG真人官方ty Trust (NASDAQ : SUNS) a 茅tendu sa facilit茅 de cr茅dit renouvelable senior garantie avec l'ajout de EverBank, qui s'est engag茅 脿 hauteur de 50 millions de dollars. Cette extension porte le capital total engag茅 脿 140 millions de dollars, contre la facilit茅 initiale 茅tablie avec East West Bank en novembre 2024. La facilit茅 de cr茅dit reste extensible jusqu'脿 200 millions de dollars, sous r茅serve de conditions et de la participation d'autres pr锚teurs.
Cette facilit茅 soutiendra les engagements non financ茅s des pr锚ts existants, financera le portefeuille de pr锚ts immobiliers commerciaux de SUNS et fournira des fonds de roulement g茅n茅raux. EverBank devient ainsi la troisi猫me banque institutionnelle 脿 rejoindre la facilit茅 de cr茅dit, t茅moignant de la confiance envers la plateforme de pr锚t de SUNS.
Sunrise AG真人官方ty Trust (NASDAQ: SUNS) hat seine besicherte revolvierende Kreditfazilit盲t durch die Aufnahme von EverBank, das 50 Millionen US-Dollar zugesagt hat, erweitert. Diese Erweiterung erh枚ht das zugesagte Kapital auf insgesamt 140 Millionen US-Dollar, gegen眉ber der urspr眉nglichen Fazilit盲t, die im November 2024 mit der East West Bank eingerichtet wurde. Die Kreditfazilit盲t kann unter bestimmten Bedingungen und bei Beteiligung weiterer Kreditgeber auf bis zu 200 Millionen US-Dollar ausgeweitet werden.
Die Fazilit盲t wird ungenutzte Verpflichtungen aus bestehenden Krediten absichern, die Pipeline von SUNS f眉r gewerbliche Immobilienkredite finanzieren und allgemeines Betriebskapital bereitstellen. EverBank ist damit die dritte institutionelle Bank, die sich der Kreditfazilit盲t anschlie脽t, was Vertrauen in die Kreditplattform von SUNS zeigt.
- Secured additional $50 million in committed capital, expanding credit facility to $140 million
- Potential for further expansion up to $200 million
- Addition of third institutional bank (EverBank) demonstrates growing creditor confidence
- Enhanced financial flexibility for pursuing new opportunities and portfolio growth
- None.
WEST PALM BEACH, Fla., May 29, 2025 (GLOBE NEWSWIRE) -- Sunrise AG真人官方ty Trust, Inc. (鈥淪UNS鈥� or the 鈥淐ompany鈥�) (Nasdaq: SUNS), a lender on the TCG AG真人官方 Estate platform, today announced the expansion of its senior secured revolving credit facility (the 鈥淐redit Facility鈥�) with the addition of EverBank, N.A. (鈥淓verBank鈥�). EverBank has committed
Proceeds from the Credit Facility will continue to support unfunded commitments under existing loans, fund SUNS鈥� commercial real estate loan pipeline in alignment with the Company鈥檚 investment strategy, and provide general working capital.
鈥淎dding a third institutional bank to the credit facility highlights the strength of SUNS鈥� lending platform and the trust we鈥檝e built with our financing partners,鈥� said Leonard Tannenbaum, Executive Chairman of SUNS. 鈥淓xpanding the facility to
鈥淓verBank is pleased to support SUNS as it continues expansion of its platform and growth of its CRE loan portfolio. Joining this credit facility highlights our desire to offer highly customized loan structures that serve borrowers鈥� specific requirements, and we look forward to serving SUNS鈥� evolving needs in the future,鈥� said Kevin Mammoser, Managing Director, EverBank Structured AG真人官方 Estate.
About Sunrise AG真人官方ty Trust, Inc.
Sunrise AG真人官方ty Trust, Inc. (Nasdaq: SUNS) is an institutional commercial real estate (鈥淐RE鈥�) lender providing flexible financing solutions to sponsors of CRE projects primarily in the Southern United States. It focuses on transitional CRE business plans with the potential for near-term value creation, collateralized by top-tier assets predominantly located in established and rapidly expanding Southern markets. For additional information regarding the Company, please visit .
About TCG AG真人官方 Estate
TCG AG真人官方 Estate refers to a group of affiliated CRE-focused debt funds, including a Nasdaq-listed mortgage REIT, Sunrise AG真人官方ty Trust, Inc. (Nasdaq: SUNS), and a private mortgage REIT, Southern AG真人官方ty Trust Inc. The funds provide flexible financing on transitional CRE properties that present opportunities for near-term value creation, with a focus on top-tier CRE assets located primarily within markets in the Southern U.S. benefitting from economic tailwinds with growth potential.
About EverBank
EverBank, N.A.聽(鈥淓verBank鈥�)聽is a nationwide specialty bank providing high-value products and services to consumer and commercial clients nationwide. As a pioneer in online banking, we offer convenient digital access for clients 24/7, in addition to phone banking services and a network of financial centers across Florida and California. EverBank鈥檚 commitment is to deliver to our clients high-performing, high-yield solutions backed by exceptional service, always giving them the advantage they expect, to make the most of their money. Visit 听辞谤 connect and interact with us on , , 听辞谤 .聽EverBank is a Member FDIC.
About East West Bank
East West Bank provides financial services that help customers reach further and connect to new opportunities. East West Bancorp, Inc. is a public company (Nasdaq: EWBC) with total assets of
Investor Relations Contact
Robyn Tannenbaum
561-510-2293
FAQ
What is the new size of SUNS credit facility after EverBank's commitment?
How will Sunrise AG真人官方ty Trust (SUNS) use the expanded credit facility?
Who are the lending partners in SUNS's credit facility?
What is the maximum potential size of SUNS's credit facility?
