Thorofare Capital has provided a $35,000,000 floating-rate senior loan for the cash-in refinance and lease-up of Gateway Commerce Park, a newly constructed, two-building Class A industrial warehouse and distribution facility totaling 449,280 square feet in Hardeeville, South Carolina.

Completed in 2025, the property features 32- to 36-foot clear heights and includes a 330,480 square foot cross-dock building and a 118,800 square foot warehouse building. The flexible configurations can accommodate tenants ranging from approximately 36,000 square feet to more than 330,000 square feet.

The property is located approximately 17 miles from the Port of Savannah, providing access to one of the largest container ports in the United States. The sponsor is actively marketing the property to warehouse and distribution users as it executes its lease-up strategy.

Loan proceeds were used to refinance existing construction debt, fund reserves, and provide capital for future tenant improvements and leasing costs. The floating-rate, interest-only bridge loan provides the sponsor with time and capital to lease and stabilize the property before pursuing a refinance or sale.

The sponsor is an experienced real estate development firm with a track record of developing industrial and other commercial real estate projects.