Sunrise Realty Trust closed a new senior secured revolving credit facility with East West Bank serving as agent and the initial lender. 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 million. With favorable terms, including an interest rate of SOFR plus 2.75% (subject to a SOFR floor of 2.63% and other conditions), the revolving credit facility offers SUNS flexibility to borrow and repay funds as needed. This facility strengthens SUNS’ ability to pursue strategic growth initiatives and capitalize on high-quality investment opportunities across the Southern United States._x000D_
_x000D_
“Closing this credit facility with East West Bank is an important milestone for SUNS. With an initial $50 million commitment — and the potential to expand up to $200 million — this facility gives us the financial flexibility to drive our strategic growth forward,” Brian Sedrish, CEO of SUNS, said. “I am pleased SUNS was able to attract a high-quality institution like East West Bank that provided us a credit facility with a flexible structure at an attractive rate.”
Forward for Specialty Finance
