Sunrise Realty Trust (SUNS) Registration Filing summary

Company overview and business model

• Operates as a real estate-focused debt fund, financing transitional commercial real estate projects in the Southern U.S.

• Affiliated with Tannenbaum Capital Group, leveraging a broad network for deal sourcing and back-office support.

• Portfolio includes senior mortgage loans, mezzanine loans, B-notes, CMBS, and debt-like preferred equity across various CRE asset classes.

• As of June 30, 2025, had $251 million in outstanding loan principal.

• Became an independent public company via a spin-off from Advanced Flower Capital Inc. in July 2024.

Financial performance and metrics

• Incorporated financials by reference from the Annual Report on Form 10-K for the year ended December 31, 2024, and the Quarterly Report on Form 10-Q for the quarter ended March 31, 2025.

• Audited financials for 2024 and the period from formation to December 31, 2023, by CohnReznick LLP.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used as specified in future prospectus supplements.

• Pending deployment, funds may be invested in short-term, interest-bearing instruments consistent with REIT qualification.