Sunrise Realty Trust commites $32M in senior loan for The Loren

Sunrise Realty Trust (SUNS) has committed $32.0 million, of which the Company funded $29.9 million, to a $57.0 million senior loan originated by an affiliate on the TCG Real Estate platform. This loan is for the refinancing of The Loren at Lady Bird Lake, a luxury boutique hotel located in Austin, Texas. The Sponsor is The Loren Group, a leading real estate company that specializes in developing, owning, and managing luxury hotels in high-demand destination markets. JLL Capital Market’s Debt Advisory team representing the borrower was led by Wally Reid and Scott Dickey. The Loren is a 108-key boutique luxury hotel at 1211 W Riverside Drive, part of a mixed-use project that includes 24 condominiums, two restaurants, a spa, fitness center, rooftop terrace with an infinity pool, and event space with sweeping lake and city views. Situated on a prime 1.5-acre site along the south bank of Lady Bird Lake, the Project offers a tranquil retreat while remaining within easy reach of downtown Austin’s top attractions, including Zilker Park and the South Congress district. This location provides guests with unmatched access to the heart of Austin’s cultural and recreational offerings, combining luxury, convenience, and scenic surroundings in one destination.