Sunrise Realty Trust and Tannenbaum Capital Group Partner on $36.6 Million Senior Loan

Sunrise Realty Trust Inc. and Tannenbaum Capital Group have announced a significant financial commitment to a real estate project known as CollectionSuites. The two companies have committed $25.6 million to a $36.6 million senior loan, which will be used to finance the development and expansion of CollectionSuites.

CollectionSuites is an innovative real estate concept that combines the convenience of a traditional apartment with the luxury of a boutique hotel. The project aims to provide a unique living experience that caters to both residents and short-term guests. The financing will be used to enhance the amenities, expand the property, and improve the overall guest experience.

Sunrise Realty Trust, a leading real estate investment trust, has a strong track record of investing in high-quality properties that offer strong returns for investors. The company's commitment to this project underscores its belief in the potential of CollectionSuites to become a leading destination for both long-term residents and short-term guests.

Tannenbaum Capital Group, a respected private investment firm, brings a wealth of experience in structuring and managing complex financial transactions. The firm's involvement in this project is a testament to the viability and attractiveness of the CollectionSuites concept. Tannenbaum Capital Group's expertise in real estate finance will be crucial in ensuring the successful execution of the project.

The senior loan commitment is a significant milestone for CollectionSuites, as it provides the necessary capital to bring the project to fruition. The development team is excited about the opportunities this financing will create and is committed to delivering a world-class living experience that sets a new standard in the real estate industry.

CollectionSuites is poised to become a benchmark in the real estate market, offering a blend of luxury, convenience, and community that is unmatched by traditional apartments or hotels. The project's unique features, such as on-site amenities, personalized services, and flexible living options, are designed to meet the diverse needs of today's residents and guests.

With the financial backing of Sunrise Realty Trust and Tannenbaum Capital Group, CollectionSuites is well-positioned to achieve its goals and make a significant impact in the real estate market. The project is expected to generate substantial economic benefits for the local community and provide an attractive investment opportunity for stakeholders.

In conclusion, the $36.6 million senior loan commitment from Sunrise Realty Trust and Tannenbaum Capital Group is a major step forward for CollectionSuites. The project's innovative approach to real estate and the strong support from leading financial institutions demonstrate the potential for success and growth in the coming years.