Latest news with #EverBank
Associated Press
3 days ago
- Business
- Associated Press
Southern Realty Trust Expands Revolving Credit Facility to $100 Million with Addition of EverBank as Joint Lead Arranger
WEST PALM BEACH, Fla., June 02, 2025 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. ('SRT' or the 'Company'), a lender on the TCG Real Estate platform, today announced the expansion of its senior secured revolving credit facility (the 'Credit Facility') with the addition of EverBank, N.A. ('EverBank'). EverBank has committed $50 million to the facility, bringing total committed capital to $100 million. The Credit Facility, originally established with East West Bancorp, Inc. ('East West Bank') in January 2025, remains expandable to $200 million, subject to certain conditions and additional lender participation. Proceeds from the Credit Facility will continue to support unfunded commitments under existing loans, fund SRT's commercial real estate loan pipeline in alignment with the Company's investment strategy, and provide general working capital. 'The addition of EverBank to our credit facility underscores the confidence that our partners have in SRT's investment strategy, management team and the compelling market opportunity ahead,' said Leonard Tannenbaum, Executive Chairman of SRT. 'Welcoming another top-tier institution further enhances our capacity to provide debt to borrowers and sponsors of CRE assets as we continue to scale our portfolio across our target markets.' 'EverBank is pleased to work with SRT as it advances the growth of its platform and expands its commercial real estate loan portfolio. This transaction underscores our focus on providing bespoke lending solutions that meet the distinct needs of our clients, and we look forward to continuing our relationship with SRT,' said Kevin Mammoser, Managing Director, EverBank Structured Real Estate Finance. About Southern Realty Trust Inc. SRT was formed in 2023 to originate commercial real estate ('CRE') debt investments in the Southern U.S. and provide capital to high-quality borrowers and sponsors with transitional business plans collateralized by top-tier CRE assets with opportunities for near-term value creation, as well as recapitalization opportunities. SRT intends to create a diversified investment portfolio, targeting first mortgages, B-notes, mezzanine loans and debt-like preferred securities across CRE asset classes. For additional information regarding the Company, please visit: About TCG Real Estate TCG Real Estate refers to a group of affiliated CRE-focused debt funds, including a Nasdaq-listed mortgage REIT, Sunrise Realty Trust, Inc. (Nasdaq: SUNS), and a private mortgage REIT, Southern Realty Trust Inc. The funds provide flexible financing on transitional CRE properties that present opportunities for near-term value creation, with a focus on top-tier CRE assets located primarily within markets in the Southern U.S. benefitting from economic tailwinds with growth potential. About EverBank EverBank, N.A. ('EverBank') is a nationwide specialty bank providing high-value products and services to consumer and commercial clients nationwide. As a pioneer in online banking, we offer convenient digital access for clients 24/7, in addition to phone banking services and a network of financial centers across Florida and California. EverBank's commitment is to deliver to our clients high-performing, high-yield solutions backed by exceptional service, always giving them the advantage they expect, to make the most of their money. Visit or connect and interact with us on Facebook, Instagram, LinkedIn or X. EverBank is a Member FDIC. About East West Bank East West Bank provides financial services that help customers reach further and connect to new opportunities. East West Bancorp, Inc. is a public company (Nasdaq: EWBC) with total assets of $76 billion as of December 31, 2024. The company's wholly owned subsidiary, East West Bank, is the largest independent bank headquartered in Southern California and operates over 110 locations in the United States and Asia. The Bank's markets in the United States include California, Georgia, Illinois, Massachusetts, Nevada, New York, Texas and Washington. Investor Relations Contact Robyn Tannenbaum 561-510-2293 [email protected]
Yahoo
4 days ago
- Business
- Yahoo
Best high-yield savings interest rates today, June 1, 2025 (best accounts offering 4.3% APY)
Find out how much you could earn with today's savings rates. The Federal Reserve cut its target rate three times in late 2024, which means savings interest rates are falling from their historic highs. It's important to be sure you're getting the best rate possible when shopping around for a savings account. The following is a breakdown of savings interest rates today and where to find the best offers. The national average savings account rate stands at 0.42%, according to the FDIC. This might not seem like much, but consider that three years ago, it was just 0.06%, reflecting a sharp rise in a short period of time. Today, the highest savings account rate available from our partners today is 4.3% APY. This rate is offered by EverBank and there is no minimum opening deposit required. Since these rates may not be around much longer, consider opening a high-yield savings account now to take advantage of today's high rates. Here is a look at some of the best savings rates available today from our verified partners: The amount of interest you can earn from a savings account depends on the annual percentage rate (APY). This is a measure of your total earnings after one year when considering the base interest rate and how often interest compounds (savings account interest typically compounds daily). Say you put $1,000 in a savings account at the average interest rate of 0.41% with daily compounding. At the end of one year, your balance would grow to $1,004.11 — your initial $1,000 deposit, plus just $4.11 in interest. Now let's say you choose a high-yield savings account that offers 4% APY instead. In this case, your balance would grow to $1,040.81 over the same period, which includes $40.81 in interest. The more you deposit in a savings account, the more you stand to earn. If we took our same example of a high-yield savings account at 4% APY, but deposit $10,000, your total balance after one year would be $10,408.08, meaning you'd earn $408.08 in interest. Read more: What is a good savings account rate?
Yahoo
5 days ago
- Business
- Yahoo
Best high-yield savings interest rates today, May 31, 2025 (earn up to 4.3% APY)
Find out how much you could earn with today's savings rates. The Federal Reserve cut its target rate three times in late 2024, which means savings interest rates are falling. So it's important to be sure you're getting the best rate possible when shopping around for a savings account. The following is a breakdown of savings interest rates today and where to find the best offers. The national average savings account rate stands at 0.42%, according to the FDIC. This might not seem like much, but consider that three years ago, it was just 0.06%. Although the national average savings interest rate is fairly low compared to other investments, the best savings rates on the market today are much higher. In fact, some of the top accounts are currently offering 4% APY and up. Today, the highest savings account rate available from our partners is 4.3% APY. This rate is offered by EverBank and there is no minimum opening deposit required. Here is a look at some of the best savings rates available today from our verified partners: The amount of interest you can earn from a savings account depends on the annual percentage rate (APY). This is a measure of your total earnings after one year when considering the base interest rate and how often interest compounds (savings account interest typically compounds daily). Say you put $1,000 in a savings account at the average interest rate of 0.41% with daily compounding. At the end of one year, your balance would grow to $1,004.11 — your initial $1,000 deposit, plus just $4.11 in interest. Now let's say you choose a high-yield savings account that offers 4% APY instead. In this case, your balance would grow to $1,040.81 over the same period, which includes $40.81 in interest. The more you deposit in a savings account, the more you stand to earn. If we took our same example of a high-yield savings account at 4% APY, but deposit $10,000, your total balance after one year would be $10,408.08, meaning you'd earn $408.08 in interest. Read more: What is a good savings account rate?
Yahoo
6 days ago
- Business
- Yahoo
Sunrise Realty Trust Expands Revolving Credit Facility to $140 Million with Addition of EverBank as Joint Lead Arranger
WEST PALM BEACH, Fla., May 29, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. ('SUNS' or the 'Company') (Nasdaq: SUNS), a lender on the TCG Real Estate platform, today announced the expansion of its senior secured revolving credit facility (the 'Credit Facility') with the addition of EverBank, N.A. ('EverBank'). EverBank has committed $50 million to the facility, bringing total committed capital to $140 million. The Credit Facility, originally established with East West Bancorp, Inc. ('East West Bank') in November 2024, remains expandable to $200 million, subject to certain conditions and additional lender participation. Proceeds from the Credit Facility will continue to support unfunded commitments under existing loans, fund SUNS' commercial real estate loan pipeline in alignment with the Company's investment strategy, and provide general working capital. 'Adding a third institutional bank to the credit facility highlights the strength of SUNS' lending platform and the trust we've built with our financing partners,' said Leonard Tannenbaum, Executive Chairman of SUNS. 'Expanding the facility to $140 million in commitments provides added financial flexibility to pursue attractive opportunities and drive continued growth in our target markets.' 'EverBank is pleased to support SUNS as it continues expansion of its platform and growth of its CRE loan portfolio. Joining this credit facility highlights our desire to offer highly customized loan structures that serve borrowers' specific requirements, and we look forward to serving SUNS' evolving needs in the future,' said Kevin Mammoser, Managing Director, EverBank Structured Real Estate. About Sunrise Realty Trust, Inc. Sunrise Realty Trust, Inc. (Nasdaq: SUNS) is an institutional commercial real estate ('CRE') lender providing flexible financing solutions to sponsors of CRE projects primarily in the Southern United States. It focuses on transitional CRE business plans with the potential for near-term value creation, collateralized by top-tier assets predominantly located in established and rapidly expanding Southern markets. For additional information regarding the Company, please visit About TCG Real Estate TCG Real Estate refers to a group of affiliated CRE-focused debt funds, including a Nasdaq-listed mortgage REIT, Sunrise Realty Trust, Inc. (Nasdaq: SUNS), and a private mortgage REIT, Southern Realty Trust Inc. The funds provide flexible financing on transitional CRE properties that present opportunities for near-term value creation, with a focus on top-tier CRE assets located primarily within markets in the Southern U.S. benefitting from economic tailwinds with growth potential. About EverBank EverBank, N.A. ('EverBank') is a nationwide specialty bank providing high-value products and services to consumer and commercial clients nationwide. As a pioneer in online banking, we offer convenient digital access for clients 24/7, in addition to phone banking services and a network of financial centers across Florida and California. EverBank's commitment is to deliver to our clients high-performing, high-yield solutions backed by exceptional service, always giving them the advantage they expect, to make the most of their money. Visit or connect and interact with us on Facebook, Instagram, LinkedIn or X. EverBank is a Member FDIC. About East West Bank East West Bank provides financial services that help customers reach further and connect to new opportunities. East West Bancorp, Inc. is a public company (Nasdaq: EWBC) with total assets of $76 billion as of December 31, 2024. The company's wholly owned subsidiary, East West Bank, is the largest independent bank headquartered in Southern California and operates over 110 locations in the United States and Asia. The Bank's markets in the United States include California, Georgia, Illinois, Massachusetts, Nevada, New York, Texas and Washington. Investor Relations Contact Robyn Tannenbaum561-510-2293 ir@ in to access your portfolio
Yahoo
13-05-2025
- Business
- Yahoo
EverBank review (2025): A top-rated online bank with competitive yields and no monthly fees
Summary: EverBank (formerly TIAA) is a bank that operates primarily online. It offers personal, business, and commercial banking products, including high-yield savings accounts and certificates of deposit (CDs), checking accounts, money market accounts, and more. EverBank's performance savings account is a high-yield savings account with no monthly maintenance fees and no minimum balance requirement. Currently, account holders can earn 4.30% APY on all balances with daily compounding interest. The EverBank Performance Money Market Account offers tiered interest rates based on the account balance: $10,000 and up: 4.00% APY $9,999 and under: 2.02% APY There is no minimum opening deposit requirement and no monthly maintenance fees. This account also comes with a debit card and checks. EverBank's money market account ranks among our 10 best high-yield money market accounts available today. EverBank's Performance Checking account currently earns 0.25% APY on all balances with no monthly maintenance fees. There's a minimum opening deposit requirement of $100. CD terms range from three months to five years, with rates as high as 4.10% APY. A minimum opening deposit of $1,000 is required. Note that these CDs come with steep early withdrawal penalties that range from 28 to 900 days' worth of simple interest, depending on the term length. Even so, some of EverBank's CDs made our list of the best CD accounts and rates available today. Savers who need extra FDIC coverage can take advantage of EverBank's CDARS CD, which offers up to $50 million in federal insurance. Terms range from three months to three years and accounts require a minimum deposit of $10,000. EverBank offers investors the opportunity to diversify their portfolios through exposure to precious metals, coins, foreign currencies, and index-based CDs. EverBank offers business checking accounts, money market accounts, CDs, and more. It also offers Treasury services, merchant services, and foreign exchange services. In addition to its personal and business products, EverBank offers commercial financing and lending solutions. Here's a breakdown of the fees you might encounter as an EverBank customer: Read more: What are bank fees, and how do I avoid them? Here are some of the pros and cons to consider before becoming an EverBank customer: Pros: No monthly service fees: EverBank does not charge monthly fees for account maintenance. Competitive interest rates for CDs and savings products: EverBank offers rates as high as 4.30% APY for its savings accounts and CDs. ATM fee reimbursement: EverBank does not charge a fee for using its in-network ATMs and reimburses customers up to $15 per statement cycle for any out-of-network ATM fees incurred. Customers with account balances of $5,000 or higher get unlimited ATM fee reimbursements. Cons: Only a handful of physical branches: EverBank operates a few physical branches across the state of Florida, but otherwise, it operates primarily online. High opening deposit for CDs: EverBank requires a minimum opening deposit of $1,000 for CDs, which is higher than many similar accounts from other financial institutions. High early withdrawal penalty for CDs: EverBank's early withdrawal penalty can be as high as 900 days' (approximately 2.5 years) worth of interest for longer CD terms. EverBank customer service representatives are available at (888) 882-3837, Monday through Friday, between 8:00 a.m. and 8:00 p.m. ET, as well as Saturday, from 9:00 a.m. to 7:00 p.m. ET. For general correspondence, you can reach EverBank at the following address: EverBank PO Box 44060 Jacksonville, FL 32231 EverBank's mobile app is still listed as the TIAA App and is available for download on the App Store and Google Play. The app has a rating of 4.6 and 3.8 stars, respectively. Customers can use the app to check their account balances, transfer funds between accounts, pay bills, and more. EverBank is committed to giving back to the communities it serves through its EverBank Builds program. Through this initiative, EverBank has contributed more than $10 million to over 100 organizations in its CRA assessment areas to promote affordable housing, financial education, and community and economic development. EverBank also encourages its associates to volunteer by providing regular opportunities for involvement and 24 hours of paid time off for its associates. Yes. EverBank is an FDIC-insured financial institution. EverBank's routing number is 063092110. Early withdrawal penalties range from 28-900 days of simple interest, depending on your CD term.
