Sunrise Realty Trust Commits $32.0 Million in a Senior Loan for The Loren at Lady Bird Lake in Austin, Texas
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Sunrise Realty Trust, Inc. (Nasdaq: SUNS) has committed $32 million to a senior loan for The Loren at Lady Bird Lake, a luxury hotel in Austin, Texas. The company funded $29.9 million of the loan, which is part of a $57 million refinancing effort.
December 13, 2024 | 1:15 pm
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Sunrise Realty Trust has committed $32 million to a senior loan for a luxury hotel in Austin, Texas, funding $29.9 million. This investment is part of a $57 million refinancing effort.
The commitment of $32 million to a senior loan for a luxury hotel project indicates a strategic investment by Sunrise Realty Trust. This could positively impact SUNS's stock price as it reflects the company's active involvement in high-value real estate projects.
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