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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Thorofare Funds $73 Million Loan for Class A Jacksonville Multifamily Community
Trevato Development Group — a Jacksonville Beach-based real estate investment, development and redevelopment company founded in 2016 — will use the CBRE-arranged interim financing primarily to retire the original bank construction loan on the The Residences at Enso.
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Thorofare Funds $48.3 Million Acquisition Loan for DFW Manufacturing Facility
Los Angeles-based Thorofare Capital has provided a $48.3 million acquisition loan for an 838,214-square-foot manufacturing facility in the Dallas-Fort Worth (DFW) area.
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Thorofare Funds $42.9 Million for Active Adult Community in Minneapolis
Thorofare Capital, an affiliate of Callodine Group LLC, has provided a $42.9 million bridge loan for the refinancing of Risor of St. Louis, an active adult community located in Minneapolis. Roers Cos. is the borrower.
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Thorofare Funds $40 Million Bridge Loan for Seattle R&D Facility
Thorofare Capital provided the loan on the joint venture’s Track6 project in Seattle’s SoDo — or South
of Downtown — neighborhood. -
Thorofare Funds $23 Million Loan for Refinancing of Multifamily Property Near Tulsa
Los Angeles-based Thorofare Capital has funded a $23 million loan for the refinancing of Dream Aspen Creek, a 240-unit multifamily property in Broken Arrow, located just east of Tulsa.
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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.
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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.
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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.
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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.
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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.