Sunrise Realty Trust, Inc. announced on January 29, 2025, a commitment of $30.8 million to a $41.0 million note-on-note bridge loan. This loan facilitates the full repayment of an existing senior mortgage.
The underlying asset is a mixed-use property featuring senior living, medical office, and retail components, located in an upscale suburb of Miami, Florida. The remaining $10.3 million of the loan is held by an affiliate.
This investment, with Dornin Investment Group as the sponsor, expands SUNS's presence in South Florida's medical hubs. It aligns with the company's strategy of providing flexible financing solutions for transitional commercial real estate projects.
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