Formed as a spin-off from Advanced Flower Capital in mid-2024, Sunrise Realty Trust has launched its commercial real estate debt investment strategy under the Tannenbaum Capital Group umbrella. Its first full year of operations showed robust net income growth, driven by origination and interest income on secured loans, while operating cash flow turned negative reflecting active capital deployment. The company is targeting a diversified portfolio of CRE loans with prudent LTV ratios and a balanced capital structure emphasizing one-third equity, one-third secured debt, and one-third unsecured debt. Dividend payouts surged in line with company maturation despite operating cash flow pressures, highlighting a transition phase toward steady yield generation. Key future metrics will include portfolio IRR achievement, leverage management, and sustained capital market access.