Southern Realty Trust announced the expansion of its senior secured revolving credit facility with the addition of EverBank. EverBank has committed $50 million to the facility, bringing total committed capital to $100 million. The Credit Facility, originally established with East West Bancorp (EWBC) in January 2025, remains expandable to $200 million, subject to certain conditions and additional lender participation. Proceeds from the Credit Facility will continue to support unfunded commitments under existing loans, fund SRT’s commercial real estate loan pipeline in alignment with the Company’s investment strategy, and provide general working capital.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SUNS: