Sunrise Realty Trust, Inc. Commits $44.0 Million to a Senior Loan for Shell Plaza at the River District in New Orleans, Louisiana
Sunrise Realty Trust, Inc.(SUNS) GlobeNewswire·2025-02-03 21:00
WEST PALM BEACH, Fla., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (“SUNS” or the “Company”) (Nasdaq: SUNS), a lender on the Tannenbaum Capital Group (“TCG”) | Real Estate platform, today announced that it closed on a $44.0 million commitment to a $74.5 million senior loan originated by the TCG Real Estate platform for the construction of Shell Plaza (the “Project” or “Shell Plaza”) in New Orleans. Located on Convention Center Boulevard and Henderson Street on a 1.6-acre parcel, the build-t ...