Sunrise Realty Trust Commits $35 Million to $370 Million First Mortgage Loan for Miami’s Lofty & Standard Condominium Project in Partnership with Tannenbaum Capital Group and Leading Developers

Reuters09-29
Sunrise Realty Trust Commits $35 Million to $370 Million First Mortgage Loan for Miami's Lofty & Standard Condominium Project in Partnership with Tannenbaum Capital Group and Leading Developers

**Sunrise Realty Trust Inc. Commits $35 Million to Miami Condominium Project Financing** WEST PALM BEACH, Fla., Sept. 29, 2025 - Sunrise Realty Trust Inc. (Nasdaq: SUNS) has announced a $35 million commitment to a $370 million first mortgage loan for the development of Lofty & Standard, a two-tower luxury condominium project in Miami's Brickell neighborhood. The financing, arranged through the Tannenbaum Capital Group (TCG) Real Estate platform, also includes an additional $25 million from affiliated TCG lenders. The joint venture project, led by Two Roads Development and Newgard Development Group, will deliver 784 luxury units across two towers, each featuring extensive amenities. The new financing supports ongoing construction and reflects strong pre-sale interest. Brian Sedrish, CEO of SUNS, highlighted the project's appeal to home buyers seeking quality residences in a vibrant area and reaffirmed the company's focus on high-quality commercial real estate loans in the Southern U.S.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sunrise Realty Trust Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9536461-en) on September 29, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment