In the news. Around the nation.
Featured Press
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Callodine Group Announces Acquisition of Thorofare Capital
Callodine Group, an asset management firm focused on yield-oriented investment strategies, today announced that it has entered into a definitive agreement to acquire a majority stake in Thorofare Capital, Inc.
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Thorofare to Open Second HQ in Miami
An executive with the Los Angeles-based firm called Miami a natural fit for the company’s expansion into the Southeast.
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Thorofare Executes $327 Million in 2020 CRE Loan Originations Amidst Choppy Market Conditions
Thorofare Capital originated 19 debt investments totaling $327 million in capital commitments for 2020, reporting the busiest fourth quarter in the bridge lender’s 10-year history.
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Gundlach’s DoubleLine Teams With Thorofare On Bridge Loans
DoubleLine Capital, announced that it is teaming up with fellow downtown firm Thorofare Capital in a move that will give DoubleLine’s investors access to a new pool of short-term real estate loans. Under an exclusive arrangement, Thorofare will underwrite and originate middle-market commercial real estate loans – with terms of between two and five years – that it will then sell to DoubleLine.
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Cambridgeport Labs lands $50.5M loan as Boston lab vacancies rise
Thorofare Capital of Los Angeles provided a $50.5 million bridge loan to refinance Cambridgeport Labs, two life sciences buildings in East Cambridge near MIT.
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Oklahoma developer secures $36M construction loan for San Marcos industrial project
Oklahoma-based Olive Cos. broke ground on its 100-acre industrial development, McCarty Park, with a $36 million construction loan from Los Angeles-based Thorofare Capital.
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Retail Real Estate Roundup: Fed Rate Cut, Legacy Park, JCPenney and Malls
According to Thorofare Capital principal Eddie Prosser, the rate cut will enhance debt service coverage capabilities and boost transaction activity.
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Fed Chair Powell Shifts Focus to Labor Market Fragility
“Lower interest rates will allow for higher debt service coverage, which will allow for more loan proceeds and the ability for equity investors to underwrite more attractive levered returns,” said Eddie Prosser, Principal at Thorofare Capital.
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Thorofare Capital Originations Team
Thorofare Capital’s Originations Team was selected to receive ApartmentBuildings.com’s first annual AB 100 Dealmaker of the Year Award.
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Thorofare Capital Lends $36Mln for Construction of Industrial Project Near Austin, Texas
Olive Cos. has lined up $36 million of construction financing from Thorofare Capital for McCarty Park, a six-building industrial project in San Marcos, Texas.
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East Cambridge Life Science Labs Refinanced for $50M
Thorofare Capital provided a $50.5-million bridge loan to refinance Cambridgeport Labs, two newly modernized life sciences assets in East Cambridge, MA.
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Thorofare Capital Provides $36M in Financing for Industrial Project in San Marcos, Texas
Southern California-based Thorofare Capital has furnished $36 million in financing for a three-building, 343,728-square-foot industrial complex in San Marcos, Texas.
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Thorofare Capital Provides $50.5M Loan for Refinancing of Cambridge Life Sciences Property
Los Angeles-based Thorofare Capital extended a $50.5 million bridge loan for the refinancing of Cambridgeport Labs, a two-building life sciences development near Boston.
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Every other downtown theater has reopened after 2020 — but Spreckels is still dark
In April 2021, private equity firms purchased the Spreckels Theatre for $26.5 million with an $18 million bridge loan from Thorofare Capital.