Southern Realty Trust expands credit facility to $125 million

Southern Realty Trust Inc. expanded its senior secured revolving credit facility to $125 million with the addition of Customers Bank as a new lender. Customers Bank committed $25 million to the facility, according to a company statement.

The credit facility was originally established with East West Bancorp Inc. in November 2025 and remains expandable to $200 million, subject to certain conditions and additional lender participation.

Southern Realty Trust plans to use proceeds from the facility to finance ongoing commercial real estate loan originations, fund future draws and unfunded commitments under existing loans, and manage liquidity and capital needs related to portfolio growth.

"We're excited to add Customers to our financing group as we continue to broaden and diversify our bank relationships," said Leonard Tannenbaum, executive chairman of Southern Realty Trust. "Increasing total commitments to $125 million further strengthens our liquidity profile and enhances our ability to act quickly on attractive, well-structured opportunities."

Southern Realty Trust was formed in 2023 to originate commercial real estate debt investments primarily in the Southern United States. The company operates as a lender on the Tannenbaum Capital Group Real Estate platform.

Customers Bancorp Inc. (NYSE: CUBI) has over $24 billion in assets and ranks among the 80 largest bank holding companies in the United States. East West Bancorp Inc. (NASDAQ: EWBC) reported total assets of $76 billion as of December 31, 2024.

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