In the news. Around the nation.

  • Thorofare Provides Financing for The Jovie at Pflugerville Active Adult Community in Texas

    Thorofare Capital has provided a bridge loan to Wilson Capital to refinance an existing construction loan on The Jovie at Pflugerville. The newly completed, 182-unit, Class A active adult multifamily community opened in mid-2023 and is situated roughly 20 miles north of Austin. The loan amount was not disclosed.

  • Thorofare Funds Bridge Loan for The Jovie at Pflugerville in Greater Austin

    Wilson Capital, one of Austin’s largest multifamily developers, continues a refinancing spree, closing most recently a construction loan for its recently completed project called The Jovie at Pflugerville. Los Angeles-based Thorofare Capital, a commercial real estate debt manager, provided a bridge loan of an undisclosed amount.

  • Thorofare, Pearlmark Lend $40 Million Against Charlotte Apartments

    Thorofare Capital has provided $30 million of senior financing, while Pearlmark has provided $10 million of mezzanine debt to complete the second phase of the Link NoDa apartment complex in Charlotte, N.C.

  • Thorofare Funds $30 Million for Link NoDa Phase II in Charlotte

    Thorofare Capital originated a $30 million construction-completion loan, while Pearlmark provided $10 million in mezzanine debt with the assistance of CBRE representing Grubb Properties.

  • Thorofare Funds $24.7 Million Bridge Loan for Philadelphia Multifamily

    Palladium Group has secured $24.7 million from Thorofare Capital Inc. for the refinancing of Corner 2nd Apartments, a 71-unit luxury multifamily community, with 10,000 SF of ground floor retail, in Philadelphia’s Fishtown submarket. Institutional Property Advisors represented the borrower.

  • Thorofare Funds $26 Million Bridge Loan for San Diego Multifamily

    Thorofare Capital Inc. has provided a $26 million loan for the refinancing and lease-up of Chapman Place Apartments, an 82-unit luxury multifamily community in San Diego. Capital Partners Inc. arranged the transaction for the borrower, Chapman Place LLC.

  • Thorofare Lends $25 Million on Chapel Hill Life Sciences Development

    Grubb Properties has nabbed a $25 million loan for the lease-up of a mixed-use life sciences asset across from the University of North Carolina– Chapel Hill campus. The loan was arranged by Cooper Horowitz.

  • Thorofare Lends $54 Million on Chicago-Area Data Center Portfolio

    The two properties, at 711 North Edgewood Avenue and 341 Haynes Drive in Wood Dale, Ill., have a combined 193,395 square feet and a total capacity of 4,801 kilowatts. Both are operated by Element Critical, a wholly owned subsidiary of Safanad.

  • Thorofare Scales Growth With Three Hires

    Thorofare’s national growth as a commercial real estate lender has taken a step forward with the addition of three new senior investment professionals in the Miami, Los Angeles and Charlotte markets, Commercial Observer can first report.

  • Thorofare Funds $14.5 Million Acquisition Loan for Industrial Warehouse Facility

    Walker & Dulop arranged the financing for a joint venture between Greenmont Group and Tryperion Holdings to acquire Ella Grasso, a 450,000 SF industrial property located across from Bradley International Airport.