Sunrise Realty Trust (SUNS) committed $48M of a $69M B-note, subordinate to a $337M A-note held by a third party lender, on behalf of the borrower, AJ Capital Partners. The combined $406M in proceeds were used for the refinancing of a 15-property portfolio of Graduate by Hilton hotels. An affiliate on the TCG Real Estate Platform holds the remaining $21M of the B-note.
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