Sunrise Realty Trust, Inc.

Good day and thank you for standing by. Welcome to the Sunrise Realty Trust second quarter 2025 earnings call. At this time, all participants are on a listen only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you'll need to press star one one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star one one again. Please be advised today's conference is being recorded. I would now like to turn the conference over to your speaker today. Gabriel Cass, Chief Legal Officer, please go ahead.

Good morning and thank you all for joining Sunrise Realty Trust earnings call for the quarter end of June 30, 2025. I'm joined this morning by Leonard Tanabam, our Executive Chairman, Brian Sedrish, our Chief Executive Officer, and Brandon Hetzel, our Chief Financial Officer. Before we begin, I would like to note that this call is being recorded. Replay information is included in our June 24, 2025 press release and is posted on the investor relations portion of our website at sunriserealtytrust.com, along with our second quarter 2025 earnings release and investor presentation. Today's conference call includes forward looking statements and projections that reflect the company's current view with respect to, among other things, market developments, our investment pipeline, anticipated portfolio yield, and financial performance and projections in 2025 and beyond. These statements are subject to inherent uncertainties in predicting future results. Please refer to Sunrise Realty Trust's most recent periodic filings with the SEC, including our quarterly report on Form 10Q filed earlier this morning for certain conditions and significant factors that could cause actual results to differ materially from these forward looking statements and projections. During today's conference call, management will refer to non-GAAP financial measures, including distributable earnings. Please see our second quarter earnings release, uploaded to our website for reconciliations of the non-GAAP financial measures with the most directly comparable GAAP measures. The format for today's call is as follows. Len will provide a general business and capital markets overview. Next, Brian will cover our view on the state of the commercial real estate lending markets, discuss our existing portfolio, and provide an outlook for our investment pipeline. Then Brandon will provide an update on our financial results. After that, we'll open the lines for Q&A. With that, I will now turn the call over to our executive chairman, Leonard Tanabaugh.

Thank you, Gabe. Good morning and welcome to our second quarter of 2025 earnings conference call. I am pleased with all the progress that Sons has made over the course of the year. For the quarter ended June 30th, 2025, SUNS generated distributable earnings of 31 cents per share of common stock, which covered our dividend of 30 cents per share. Turning to our senior secured revolving credit facility, I am pleased to announce that during the second quarter, we added $90 million of additional commitments from City National Bank of Florida and Everbank. We now have 140 million of commitments under our senior secured credit facility, which can expand to 200 million. I believe that having three institutional banks in our credit facility highlights the strength of SUNS lending platform and the trust that we have built with our financing partners. As a reminder, this facility carries a very attractive interest rate at .75% over SOFR with a .63% floor. This facility provides us the financial flexibility to pursue attractive opportunities and drive continued growth in our target markets. As we look ahead in our capital structure, we believe the next avenue for debt capital will be in the unsecured markets. I will now turn it over to Brian to discuss the market and our portfolio.