Real Estate News

Sunrise Realty Trust Invests $14.1 Million in Senior Loan for an Austin Multi-Family Development

WEST PALM BEACH, Fla., July 08, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (“SUNS” or the “Company”), an institutional commercial real estate lender focused on the Southern United States, today announced that it invested $14.1 million in a senior secured mortgage loan for the refinance of Jovie Belterra (the “Project”), a 150-unit 55+ age-restricted active adult multi-family rental development in southwest Austin.

Southern Realty Trust Agents $35.2 Million Senior Loan for Austin Multi-Family Development

WEST PALM BEACH, Fla., July 08, 2024 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”) today announced that it originated and agented a senior loan in the aggregate amount of $35.2 million for the refinance of Jovie Belterra (the “Project”), a 150-unit 55+ age-restricted active adult multi-family rental development in the Greater Austin area, southwest of downtown Austin.

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