Sunrise Realty Trust

What Sunrise Realty Trust does

Sunrise Realty Trust, Inc. (NASDAQ: SUNS) is a publicly traded real estate investment trust that operates as an institutional commercial real estate lender focused on transitional properties in the Southern United States. The company was established in 2023 and is headquartered in West Palm Beach, Florida; it was spun off from AFC Gamma, Inc. and operates on the Tannenbaum Capital Group (TCG) Real Estate platform. Sunrise targets established real estate developers and institutional sponsors across ten Southern states (Arizona, Florida, Georgia, Maryland, Nevada, North Carolina, South Carolina, Tennessee, Texas, and Virginia) and underwrites two core products: Whole Loans (senior first mortgages of $75MM-$250MM+ at 8%+ interest, 3-5 year terms, up to 75% loan-to-cost) and Subordinate Debt (subordinate debt and preferred equity of $15MM-$100MM+ at 12%+ interest, with a maximum 4:1 senior-to-subordinate ratio). The asset class focus spans multifamily, industrial, retail, office, hospitality, land, and for-sale condominiums.

The company generates revenue primarily through interest income on its loan portfolio, with originations sourced directly through sponsor relationships rather than intermediaries. A senior secured revolving credit facility, expandable to $200M, was established in November 2024 with East West Bank and has since been expanded to $165M through commitments from City National Bank of Florida, EverBank, and Customers Bank. As of Q4 2025, total portfolio commitments stood at $442M. Q1 2026 GAAP revenue reached $10.27M, a 107.17% year-over-year increase, and FY2025 net income was $12.1M; the company reported total market capitalization of approximately $109.11M as of March 2026.

Distribution is relationship-driven and direct, supported by marketing through investor relations, press releases, LinkedIn, and earnings communications rather than digital channels. Notable disclosed borrowers include Lofty & Standard ($60M Miami condominium), The Loren at Lady Bird Lake ($57M Austin), JW Cattle Ranch ($21.6M Silver Mountain Ranch), DC Partners ($42-44M Thompson San Antonio Hotel, which entered foreclosure in February 2026), and Panther National ($160M Palm Beach Gardens golf community). The management team is led by founder and Executive Chairman Leonard M. Tannenbaum (CFA), with a 25+ year track record and $10B+ in underwritten loans, and CEO Brian Sedrish, formerly of Deutsche Bank, Goldman Sachs, and Fortress.

Name

Sunrise Realty Trust

Legal name

Sunrise Realty Trust, Inc.

Website

https://sunriserealtytrust.com

Company type

Public

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Sunrise Realty Trust (NASDAQ: SUNS) is a publicly traded REIT that originates senior whole loans and subordinate debt for transitional commercial real estate projects, primarily in the Southern United States, serving institutional real estate developers and sponsors.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Lending

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (525990)

SIC

Real Estate Investment Trusts (6798)

akta.pro industry

PRIMARYFSAAAKAD

REITs & Listed Real Estate Securities

Financial & Insurance/Asset & Wealth Management/Asset Management — Real Assets (Real Estate, Infrastructure, Natural Resources)

SECONDARYFSAHAJAA

Direct Lending — Senior Secured (First Lien)

Financial & Insurance/Hedge Funds & Alternative Investments/Alternative Investments — Private Credit & Direct Lending

SECONDARYFSANAEAG

Real Estate Funds — Core-Plus

Financial & Insurance/Private Equity & Venture Capital/Real Assets Funds (Infrastructure, Real Estate, Energy)

Keywords

• Commercial real estate lending
• Transitional property financing
• Senior bridge loans
• Subordinate debt financing
• REIT lending platform

Headquarters

HQ city

West Palm Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income from Loan Portfolio: The company generates revenue primarily through interest income on its commercial real estate loan portfolio. Loans are structured as floating rate instruments, with whole loans ranging from $75MM-$250MM+ at 8%+ interest rates and subordinate debt from $15MM-$100MM+ at 12%+ rates. The company targets up to 75% loan-to-cost leverage.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Sunrise Realty Trust is an institutional commercial real estate lender operating as a publicly traded REIT that originates and funds loans to commercial real estate projects in the Southern United States. The company provides two core products: Whole Loans ($75MM-$250MM+ at 8%+ interest, 3-5 year terms, 1st mortgages) and Subordinate Debt ($15MM-$100MM+ at 12%+ interest, 3-5 year terms). All loans are structured as floating rate instruments targeting up to 75% loan-to-cost leverage.

Product overview

Sunrise Realty Trust (NASDAQ: SUNS) is an institutional commercial real estate lender that operates as a real estate investment trust (REIT) on the TCG Real Estate platform. The company offers two primary lending products: Whole Loans (senior first mortgage loans from $75MM-$250MM+ at 8%+ interest rates) and Subordinate Debt (subordinate debt and preferred equity from $15MM-$100MM+ at 12%+ interest rates). These core products are supplemented by specialized financing including Senior Bridge Loans for short-term transitional needs, Construction Financing for ground-up development, and Special Situations Lending for non-standard scenarios. The company focuses exclusively on the Southern United States across target markets including Arizona, Florida, Georgia, Maryland, Nevada, North Carolina, South Carolina, Tennessee, Texas, and Virginia, serving asset classes including multifamily, industrial, retail, office, hospitality, and select specialty-use properties. The portfolio investments section showcases individual loan facilities extended to specific properties such as Silver Mountain Ranch, CollectionSuites, Lofty and Standard, Panther National, and the Graduate by Hilton hotel portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Whole Loans Senior commercial real estate loans ranging from $75MM to $250MM+ with interest rates of 8%+ and terms of 3-5 years, structured as first mortgages with leverage up to 75% loan-to-cost. Designed for established real estate developers and sponsors in Southern US markets.
• Subordinate Debt Subordinate debt and preferred equity financing ranging from $15MM to $100MM+ with interest rates of 12%+, terms of 3-5 years, and leverage up to 75% loan-to-cost with maximum senior-to-subordinate debt ratio of 4:1. For CRE sponsors needing mezzanine capital.
• Senior Bridge Loans Short to medium-term financing solutions for transitional real estate assets, including acquisition financing, refinancing, and renovation purposes across various asset classes in the Southern United States.
• Construction Financing Ground-up development loans for commercial real estate projects including multifamily, industrial, retail, office, and hospitality properties in target Southern U.S. markets.
• Portfolio Financing Financing solutions for portfolios of stabilized or transitional commercial real estate assets, including multi-property portfolios and complex multi-state lending situations.
• Special Situations Lending Financing for non-standard commercial real estate scenarios including non-performing loans, liquidity recapitalizations, and other special situations requiring customized structuring.

Quantifiable outcome

• 107.17% year-over-year revenue increase in Q1 2026 to $10.27 million
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Tannenbaum Capital Group (TCG Real Estate)flagshipStrategic or Co-development PartnerSunrise Realty Trust operates on the TCG Real Estate platform. TCG/Tannenbaum Capital Group is the alternative investment firm that founded and supports SUNS, with Leonard Tannenbaum as Founder and Executive Chairman.

Scale indicators6 records

Recent moves10 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sunrise-realty-trust/?viewAsMember=true

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sunrise Realty Trust