Southern Realty Trust, a lender on the TCG Real Estate platform, expanded its senior secured revolving credit facility with the addition of 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 in January 2025, remains expandable to $200 million, subject to certain conditions and additional lender participation.
Proceeds from the 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.
“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,” Leonard Tannenbaum, executive chairman of SRT, said. “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.”
“EverBank is pleased to work with SRT as it advances the growth of its platform and expands its commercial real estate loan portfolio,” Kevin Mammoser, managing director of EverBank Structured Real Estate Finance, said. “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.”
