Sunrise Realty Trust Closes $14M Loan Deal
Sunrise Realty Trust has originated, closed, and exited a $14M commitment to a $21.6M senior bridge loan to finance the acquisition of the western portion of Silver Mountain Ranch, a landmark property located in Huerfano County, Colorado. The borrower, JW Cattle Ranch, is a specialized land investor and operator with extensive experience in the region. The loan facilitated the borrower's acquisition of the Property from The Nature Conservancy, a global environmental non-profit organization. The Property is protected by a conservation easement, ensuring the preservation of its natural habitat while allowing for private ownership. Silver Mountain Ranch is located south of Denver near the Sangre de Cristo Mountains and is renowned for its world-class hunting, including record-book quality elk and Rocky Mountain Bighorn Sheep. To finance the expansion to a larger contiguous parcel of approximately 15,000 acres, the loan was structured as a short-term bridge facility of up to six months, dependent on the closing of the contractual sale to the buyer.
