Preservation first. Yield second.
Strategic Real Estate Lending
Thorofare Capital is a national, vertically integrated commercial real estate debt manager. The Los Angeles-based firm, with additional offices in New York City, Miami, and Dallas, focuses on $15 million to $100 million financing transactions, targeting value-add and opportunistic acquisitions, recapitalizations, and distressed debt secured by transitional properties. Its affiliate, Thorofare, LLC, is a registered investment adviser specializing in alternative fixed-income opportunities through US commercial real estate debt investments. With a national presence, Thorofare has originated more than $4.3 billion since the firm’s inception in 2010, across more than 13 property types throughout 33 states. Thorofare is an affiliate of Callodine Group, an asset management platform with approximately $20 billion in AUM.
A Callodine Group Company
Callodine Group is an asset management platform with approximately $20 billion in assets under management across affiliated advisers. Callodine’s asset management subsidiaries target investment strategies across public equities, private credit, real estate and fixed income on behalf of their individual and institutional investor clients. The firm’s subsidiaries have the ability to invest across the capital structure and pursue predominantly income-oriented investments with high cash yields and the potential for equity-like returns.Callodine Website
“Our mission is to provide transparent and timely solutions for our clients. By staying true to this vision, we’ve built lasting partnerships with many investors, mortgage bankers, and real estate owner-operators throughout the country.”Kevin Miller, CEO
Thorofare At A Glance
Through a series of closed-end funds, joint ventures and separate accounts, Thorofare originates commercial real estate loans across its multi-strategy lending platform.
Loan Origination and Asset Management
- $800 Million Allocation
- $15 Million Minimum
- $75 Million Maximum
- $500 Million Allocation
- $15 Million Minimum
- $60 Million Maximum
- $750 Million Allocation
- $20 Million Minimum
- $50 Million Maximum
Thorofare exceeds $4 billion of total originated loans across its multi-strategy platform
Callodine Group announces acquisition of majority stake in Thorofare Capital
Thorofare opens Dallas office, establishing its presence in Texas
Thorofare exceeds $3 billion of total originated loans across its multi-strategy platform
Thorofare opens Miami office, establishing its presence in Florida
Thorofare opens New York City office, launching its Capital Markets division
Thorofare exceeds $2.2 billion of total originated loans across its multi-strategy platform
Thorofare completes originating loans through its Fund IV, deploying $378.4 million* across 45 loans
Thorofare expands short-term loan program capacity with evergreen capital strategy
Thorofare exceeds $1 billion of total originated loans across its multi-strategy platform
Thorofare completes originating loans through its Fund III, deploying $288.9 million* across 48 loans
Thorofare receives allocation of up to $400 million for its Intermediate-Term Whole Loan Strategy
Thorofare completes originating loans through its Fund II, deploying $229.39 million* across 51 loans
Thorofare completes originating loans through its Fund I, deploying $29.44 million* across 16 loans
Thorofare is founded in Downtown Los Angeles
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Figures are as of 09.28.23 and include assets held by non-advisory loan origination and servicing clients managed outside of the Thorofare, LLC client accounts.
*Total sum includes participations from our co-lenders, B Notes and separate accounts.