Southern Realty Trust

What Southern Realty Trust does

Southern Realty Trust (SRT) is a private institutional commercial real estate lender founded in 2023 and headquartered in West Palm Beach, Florida. The company is externally managed by Tannenbaum Capital Group and operates under the trade name "The SRT Group." SRT provides capital solutions to commercial real estate borrowers and developers across the Southern United States, with stated target markets spanning Arizona, Florida, Georgia, Maryland, Nevada, North Carolina, South Carolina, Tennessee, Texas, Virginia, and incrementally Louisiana and Colorado. It targets ground-up development, acquisitions, renovations, repositioning, bridge-to-stabilization, and special situations across multifamily, industrial, retail, office, hospitality, and select specialty-use asset classes.

SRT's product suite is anchored by two structures: Whole Loans (senior secured first mortgages of $75MM to $250MM+ at 8%+ interest rates, 3-5 year terms, up to 75% loan-to-cost) and Subordinate Debt (mezzanine and preferred equity of $15MM to $100MM+ at 12%+ interest rates, with a max senior-to-subordinate debt ratio of 4:1). The platform is funded by a senior secured revolving credit facility that has scaled from $50M (Nov 2025) to $100M (Jun 2025) to $125M (Mar 2026), expandable to $200M, with East West Bank, EverBank, and Customers Bank as syndicate participants. Revenue is generated through interest income on originated and held loans, lending spreads on the credit facility, and origination/syndication fees. The firm also operates a co-lending model, partnering with sponsors such as TCG Real Estate and Tannenbaum Capital Group on shared exposures.

The company's GTM is exclusively direct institutional origination via relationship-based outreach; there is no proprietary technology, no app, and no AI/ML capability disclosed. Leadership is the principal differentiator: CEO Brian Sedrish (formerly MD/Portfolio Manager at Related Fund Management, Head of CRE Acquisitions Special Situations at Deutsche Bank), CFO Brandon Hetzel (PwC REIT audit background), Managing Director Stuart Swann (BentallGreenOak, Belair Property Group), and advisor Alfred Trivilino (former MD/Head of U.S. Real Estate Finance at CDPQ). Notable originated exposures include a $160M senior credit facility for Panther National (Palm Beach Gardens), a $96M senior loan for Sixth & Rio (Fort Lauderdale), a $74.5M senior loan for Shell Riverside (New Orleans), a $57M senior loan for The Loren at Lady Bird Lake (Austin), and a $42M senior loan for the Thompson Hotel in San Antonio, the latter of which was foreclosed in March 2026 via a $40.6M credit bid following developer default.

Name

Southern Realty Trust

Legal name

Southern Realty Trust Inc.

Website

https://thesrtgroup.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Southern Realty Trust is a private institutional commercial real estate lender providing whole loans ($75MM-$250MM+) and subordinate debt ($15MM-$100MM+) to developers and property owners across the Southern United States. Headquartered in West Palm Beach, FL and externally managed by Tannenbaum Capital Group, it finances ground-up development, acquisitions, and special situations.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Lending

NAICS

Real Estate Credit (522292)

SIC

Mortgage Bankers & Loan Correspondents (6162), Short-Term Business Credit Institutions (6153)

akta.pro industry

PRIMARYFSANADAI

Middle-Market Lending

Financial & Insurance/Private Equity & Venture Capital/Private Credit / Direct Lending Funds

SECONDARYFSAAAHAG

Private Credit / Direct Lending

Financial & Insurance/Asset & Wealth Management/Asset Management — Fixed Income & Credit

SECONDARYFSABABAG

SME Commercial Real Estate (CRE) Lending

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Commercial Banking (SME & Middle Market)

Keywords

• Commercial real estate lending
• Senior mortgage financing
• Mezzanine debt origination
• Institutional real estate capital
• Bridge loan solutions

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

Revenue model

1. Whole Loan Interest Income: Southern Realty Trust provides senior loans ranging from $75MM-$250MM+ at interest rates of 8%+ with 3-5 year terms. These are first mortgage structures with leverage up to 75% loan-to-cost. Revenue is generated through interest payments over the loan term.
2. Subordinate Debt Interest Income: Subordinate debt and preferred equity investments ranging from $15MM-$100MM+ at 12%+ interest rates. Max senior to subordinate debt ratio of 4:1. Revenue generated through higher-yielding interest payments on subordinate positions.
3. Credit Facility Management: The company maintains a senior secured revolving credit facility expandable to $200 million. Proceeds finance CRE originations, existing loan commitments, and portfolio growth liquidity needs. Revenue derived from lending spreads and facility fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Southern Realty Trust is a dedicated institutional commercial real estate lender providing senior whole loans ($75MM-$250MM+, 8%+ interest, 3-5 year terms), subordinate debt and preferred equity ($15MM-$100MM+, 12%+ interest), senior bridge loans, and mezzanine financing to developers, property owners, and investors across the Southern United States. The company supports ground-up development, acquisitions, renovations, repositions, adaptive reuse, and special-situation financings across multifamily, industrial, retail, office, hospitality, and select specialty-use asset classes, backed by a $125MM senior secured revolving credit facility expandable to $200MM.

Product overview

Southern Realty Trust is a premier provider of capital solutions to commercial real estate markets in the Southern United States. The company operates as a dedicated institutional real estate lender offering two primary products: Whole Loans (senior secured first mortgages from $75MM-$250MM+) and Subordinate Debt ( mezzanine and preferred equity from $15MM-$100MM+). The company also maintains a $125 million revolving credit facility expandable to $200 million for liquidity management. SRT targets 11 Southern U.S. markets including Arizona, Florida, Georgia, Maryland, Nevada, North Carolina, South Carolina, Tennessee, Texas, Virginia, and Colorado. Asset classes served include Multifamily, Industrial, Retail, Office, Hospitality, and Select Specialty-Use properties, with financing use cases spanning Ground-Up Development, Acquisitions, Renovations, Repositions, Bridge-to-Stabilization, and Portfolio Financing. The company is headquartered in West Palm Beach, Florida and positions itself as a partner offering custom, specialized solutions for commercial real estate borrowers.

Differentiator

Problem solved

Functional benefit

Products and services

• Whole Loans Senior secured first mortgage loans ranging from $75MM to $250MM+ with 8%+ interest rates, 3-5 year terms, and up to 75% loan-to-cost leverage, targeting commercial real estate opportunities in the Southern United States.
• Subordinate Debt Subordinate debt and preferred equity financing ranging from $15MM to $100MM+ with 12%+ interest rates, supporting senior-to-subordinate debt ratios up to 4:1 for commercial real estate projects.
• Revolving Credit Facility Senior secured revolving credit facility expanded to $125 million with capacity up to $200 million, used to finance ongoing commercial real estate originations, fund existing loan commitments, and support portfolio growth liquidity needs.
• Senior Bridge Loans Short-term bridge financing for commercial real estate properties, including retail, mixed-use, and other asset classes, providing flexible capital solutions for refinancing and acquisitions.
• Mezzanine Financing Subordinate debt financing positioned between senior debt and equity, enabling higher leverage points for developers and sponsors seeking capital for commercial real estate projects.

Quantifiable outcome

• Senior secured revolving credit facility expanded to $125 million, expandable to $200 million
• +2 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• TCG Real EstatecoreStrategic or Co-development PartnerSouthern Realty Trust partnered with TCG Real Estate on a $45 million senior bridge loan for a premier retail property in Houston, Texas. Southern Realty Trust committed $15 million to the loan. The property is fully leased to high-end lifestyle tenants including Park House Houston, Ciel Restaurant, and Fountain Life Longevity Center.
• Tannenbaum Capital GroupcoreStrategic or Co-development PartnerSouthern Realty Trust announced an $11.0 million investment in a senior loan for the CollectionSuites development in Florida, a project led by Tannenbaum Capital Group. The project offers luxury industrial suites with high-end features and security, targeting wealthy collectors and investors.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Ready Capital: Publicly traded CRE finance company originating and acquiring small-balance, middle-market, and larger transitional loans. Competes with SRT in middle-market CRE lending and bridge financing.
• Starwood Property Trust: Diversified CRE finance company with broad senior, mezzanine, and equity strategies across geographies and asset classes. Larger and more diversified than SRT but with directly overlapping middle-market CRE lending activity.

Emerging players

• A10 Capital: Private CRE bridge and mezzanine lender providing senior and subordinated debt to middle-market commercial real estate sponsors. Comparable in size, product mix, and target borrower to SRT.

Direct peers

• Ladder Capital: Internally managed REIT that originates and invests in first mortgage loans, senior secured loans, mezzanine debt, and equity in commercial real estate. Closely comparable to SRT's whole-loan and subordinate debt strategy with similar balance-sheet lending model.
• AFC Gamma: CRE-focused specialty finance company originating senior loans, stretch senior loans, and other structured credit to cannabis and traditional CRE borrowers. Multiple SRT executives previously worked at AFC Gamma, and the lending model is closely comparable.
• TPG RE Finance Trust: CRE finance vehicle originating senior loans and selectively higher-yielding products for institutional sponsors. Operates a similar middle-market CRE lending model with comparable size and target borrower profile to SRT.
• Sunrise Realty Trust: Sister company also externally managed by Tannenbaum Capital Group, focused on middle-market CRE lending with similar structures. Direct comparability in business model, governance, and originations — including the joint Thompson San Antonio foreclosure.
• ACRE (Ares Commercial Real Estate): Publicly traded CRE middle-market lender originating senior and mezzanine loans on transitional and stabilized properties across the U.S. Directly comparable to SRT in product mix (senior + subordinate CRE debt) and target borrower (institutional developers and sponsors).
• KKR Real Estate Finance Trust: Externally managed CRE REIT focused on originating and acquiring senior secured mortgage loans and similar debt. Comparable to SRT in loan size, structure, and use of bank credit facilities to fund origination.
• Benefit Street Partners (Franklin BSP): Private credit arm of Franklin Templeton focused on senior secured, mezzanine, and special situations lending, with significant CRE debt activity. Directly comparable in middle-market direct lending model and target borrowers.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

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

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds1 record

Investors2 records

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

M&A

Investments1 record

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

Frequently asked questions about Southern Realty Trust