Southern Realty Trust Expands Revolving Credit Facility to $125 Million with Addition of Customers Bank
MWN-AI** Summary
Southern Realty Trust Inc. (SRT), a prominent player in commercial real estate (CRE) financing, announced an expansion of its senior secured revolving credit facility, increasing total commitments to $125 million following the addition of Customers Bank, which has committed $25 million. The Credit Facility, originally established with East West Bancorp in November 2025, is designed to support SRT's ongoing CRE loan originations, fund draws on existing loans, and bolster liquidity for portfolio growth. The facility remains expandable to $200 million, contingent upon further lender participation.
Leonard Tannenbaum, Executive Chairman of SRT, expressed enthusiasm for welcoming Customers Bank into their financing group, highlighting the strategy to diversify bank relationships. The increased commitment enhances SRT's liquidity profile, enabling the company to seize well-structured investment opportunities while maintaining a disciplined approach to credit management.
Founded in 2023, SRT aims to originate CRE debt investments primarily in the Southern U.S. It focuses on providing capital to adept borrowers and sponsors backed by top-tier assets with substantial opportunities for value creation. The firm targets a diverse investment portfolio, including first mortgages, B-notes, mezzanine loans, and debt-like securities across various CRE asset classes.
Customers Bank, a leading banking institution with over $24 billion in assets, is known for delivering tailored financial experiences and has consistently been recognized as a top-performing bank. As a member of the Federal Reserve System and the FDIC, it supports a wide range of financial services.
The collaboration between SRT and Customers Bank illustrates a strategic move towards enhancing SRT’s operational capacity within the flourishing U.S. real estate landscape, positioning the company for further growth and opportunity in its targeted markets.
MWN-AI** Analysis
Southern Realty Trust Inc. (SRT)’s recent expansion of its revolving credit facility to $125 million, bolstered by a $25 million commitment from Customers Bank, signals strategic growth and stability in its operations. This move enhances SRT’s liquidity profile and positions it well to capitalize on attractive commercial real estate (CRE) opportunities.
Investors should view this credit facility expansion positively, as it not only provides immediate access to funds for SRT’s ongoing originations but also reflects a strategic intent to diversify its banking relationships—something that can mitigate risks associated with dependence on a single banking partner. The facility’s potential for further expansion to $200 million emphasizes SRT’s confidence in its growth trajectory and operational scalability.
Furthermore, the backdrop of a continuously evolving Southern U.S. CRE market, characterized by economic tailwinds, presents a fertile environment for SRT’s investment strategies, particularly in first mortgages, B-notes, and mezzanine loans. Leonard Tannenbaum’s affirmation of maintaining a disciplined credit approach is crucial, as it signals SRT's commitment to careful portfolio construction amidst ever-changing market dynamics.
For investors evaluating the attractiveness of SRT, several factors come into play. The company's focus on transitional properties provides opportunities for value creation, aligning with the broader trend of recovery and growth in various real estate sectors. Moreover, SRT’s affiliation with Tannenbaum Capital Group and its association with customers from a reputable banking institution like Customers Bank fortifies investor confidence.
In conclusion, given the capital infusion, robust backing from reputable banking partners, and a targeted investment strategy in a growing market, SRT presents a compelling investment opportunity. However, potential investors should remain vigilant about market conditions and monitor SRT’s credit quality and portfolio performance as the company navigates a competitive CRE landscape.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
WEST PALM BEACH, Fla., March 05, 2026 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”), a lender on the Tannenbaum Capital Group (“TCG”) Real Estate platform, today announced the expansion of its senior secured revolving credit facility (the “Credit Facility”) with the addition of Customers Bank. Customers Bank has committed $25 million to the facility, bringing total committed capital to $125 million. The Credit Facility, originally established with East West Bancorp, Inc. in November 2025, remains expandable to $200 million, subject to certain conditions and additional lender participation.
Proceeds from the Credit Facility will be used to finance the Company’s ongoing originations across its target CRE markets, fund future draws and unfunded commitments under existing loans, and manage liquidity and capital needs associated with portfolio growth.
Leonard Tannenbaum, Executive Chairman of SRT, said, “We’re excited to add Customers to our financing group as we continue to broaden and diversify our bank relationships. Increasing total commitments to $125 million further strengthens our liquidity profile and enhances our ability to act quickly on attractive, well-structured opportunities while maintaining a disciplined approach to credit and portfolio construction.”
About Southern Realty Trust Inc.
SRT was formed in 2023 to originate commercial real estate (“CRE”) debt investments primarily in the Southern U.S. and provide capital to high-quality borrowers and sponsors with transitional business plans collateralized by top-tier CRE assets with opportunities for near-term value creation, as well as recapitalization opportunities. SRT intends to create a diversified investment portfolio, targeting first mortgages, B-notes, mezzanine loans and debt-like preferred securities across CRE asset classes. For additional information regarding the company, please visit www.theSRTgroup.com.
About TCG Real Estate
TCG Real Estate refers to a group of affiliated CRE-focused debt funds, including a Nasdaq-listed mortgage real estate investment trust (“REIT”), Sunrise Realty Trust, Inc. (Nasdaq: SUNS), and a private mortgage REIT, Southern Realty Trust Inc. The funds provide flexible financing on transitional CRE properties that present opportunities for near-term value creation, with a focus on top-tier CRE assets located primarily within markets in the Southern U.S. benefiting from economic tailwinds with growth potential. For additional information regarding TCG, please visit www.theTCG.com.
About Customers Bancorp, Inc.
Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation’s top-performing banking companies with over $24 billion in assets making it one of the 80 largest bank holding companies in the U.S. Customers Bank’s commercial and consumer clients benefit from a full suite of technology-enabled tailored product experiences delivered by best-in-class customer service distinguished by a Single Point of Contact approach. In addition to traditional lines such as C&I, commercial real estate, and residential and personal lending, Customers Bank also provides a number of national corporate banking services to clients in businesses including: fund finance, venture banking, healthcare, mortgage finance, and equipment finance. Major accolades include:
- Named a Top 10 Performing Bank by American Banker for five consecutive years (2021-2025), including the #1 spot in 2024 among midsize banks ($10B to $50B in assets)
- No. 45 out of the 100 largest publicly traded banks in 2026 Forbes Best Banks list
- Net Promoter Score of 81 compared to industry average of 41
A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender. Learn more: www.customersbank.com.
About East West Bancorp, Inc.
East West Bancorp, Inc. (Nasdaq: EWBC) is a public company with total assets of $76 billion as of December 31, 2024. The company's wholly owned subsidiary, East West Bank, is the largest independent bank headquartered in Southern California and operates over 110 locations in the United States and Asia. The Bank's markets in the United States include California, Georgia, Illinois, Massachusetts, Nevada, New York, Texas and Washington.
Investor Relations Contact
Robyn Tannenbaum
561-510-2293
ir@thetcg.com
Media Contact
Doug Allen
Dukas Linden Public Relations
646-722-6530
TCG@DLPR.com
FAQ**
How does the partnership with Customers Bancorp Inc. (CUBI) enhance Southern Realty Trust Inc.'s overall liquidity profile and ability to finance new opportunities in the commercial real estate sector?
What specific benefits does Customers Bancorp Inc. (CUBI) bring to Southern Realty Trust Inc. in terms of tailored product offerings and financing options?
Can Southern Realty Trust Inc. outline the key performance metrics that led to Customers Bancorp Inc. (CUBI) being recognized as one of the top-performing banks in the U.S.?
What strategic goals does Southern Realty Trust Inc. aim to achieve with the expanded credit facility alongside Customers Bancorp Inc. (CUBI) amid ongoing market changes in commercial real estate?
**MWN-AI FAQ is based on asking OpenAI questions about East West Bancorp Inc. (NASDAQ: EWBC).
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