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Featured Press

  • Thorofare Originates $54,000,000 In Bridge Loans Out Of Its Newest Debt Fund

    Thorofare Capital, together with its subsidiaries, has originated $54 million in short-term first mortgage debt out of its recently launched Thorofare Asset Based Lending Fund IV, L.P., a closed-end debt fund vehicle with a target deployment capitalization of $450 million.

  • Thorofare Set To Launch Fourth Fund

    Thorofare Capital plans to start fundraising, for Thorofare Asset Based Lending Fund IV, L.P., in August. The fourth fund will be slightly larger [than the third fund], with a total capitalization of $300 million compared to the previous $250 million.

  • 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.

  • Thorofare Deploys $236 Million In Financing

    Thorofare Capital has fully invested Thorofare Asset Based Lending Fund II, L.P., deploying $236.5 million for 51 commercial real estate bridge loans across 15 states.

  • Thorofare Funds $18,750,000 Loan for Acquisition and Renovation of Multifamily Complex in Connecticut

    Thorofare Capital provided Brooklyn-based Up Realty with an $18.75 million bridge loan for the acquisition and renovation of the New Cambridge Apartments at 1175 Farmington Avenue in Bristol, Conn., Commercial Observer has learned.

  • Thorofare Real Estate Debt Fund Raises $164M

    Thorofare Capital has garnered $163.68 million in capital commitments for its Thorofare Asset Based Lending Fund V, a filing with the US Securities and Exchange Commission showed.

  • Investors Pour into Small Markets, Drive Price Momentum

    For lenders like Los Angeles-based Thorofare Capital, funding deals in Denver has become a primary strategy, said Felix Gutnikov, a principal with the firm. In September, Thorofare provided $30.3 million in short-term bridge financing to Mass Equities to acquire industrial buildings on 7.8 acres in Denver’s booming River North Art District (RiNo) neighborhood near downtown.

     

  • Thorofare Capital Gets Added Commitment from DoubleLine

    Thorofare funds loans of $3 million to $100 million for both its funds and the DoubleLine programs against properties in every major sector across the country, in order to facilitate discounted pay-offs of existing mortgages and the purchase of nonperforming loans and portfolios.

  • Thorofare Capital Funds a $30M Loan for Mass Equities

    Thorofare Capital has funded a $30 million short-term bridge loan for the acquisition of a 157,210-square-foot industrial property in Denver. The buyer is planning a $200 million mixed-use development on the 7.8-acre site, located at Denver’s River North Arts District.

  • Thorofare Capital Lends $30.3M Against Denver Warehouses

    Thorofare Capital has recently provided $30.3 million of short-term financing for the acquisition of a 157,210 square foot, two building industrial facility located in the most desirable and up-and-coming location within the River North Arts District (RiNo) of Denver, CO.

  • Thorofare Funds $16,280,000 Acquisition Loan for Charleston, SC Office Property

    Albemarle Point Center includes a class “A” 73,356-sf office building on Croghan Spur and an adjacent 11,000-sf flex building on Albemarle Road.

  • LA 500 Money Players: Marc Rapaport, Principal | Thorofare Capital

    Marc Rapaport is a private investor with a wide range of operational experience. Rapaport began his investment banking career at Drexel Burnham Lambert in 1983, after practicing law in Los Angeles. He co-founded the capital division of Jefferies & Co. in 1990 and served as its executive vice president. He was also a director of Jefferies and a member of the firm’s executive committee until 1994. From 1995 until 1998, Rapaport was chairman of the Los Angeles Galaxy and lead investor in the team. Rapaport had been a founder of Major League Soccer. He is the chairman of the Cedars Sinai Health System board.

    Alma Maters: Bachelor’s, University of Pennsylvania; JD, Harvard Law School.

  • Thorofare Funds $9,545,000 Acquisition Loan for Corporetum Office Campus VI

    HFF worked on behalf of the buyer to secure the three-year bridge loan through Thorofare Capital that includes a facility towards capital improvements and leasing costs for the two-building office property, totaling 168,698-square-feet, in Lisle, Illinois.

  • Alternative Lenders Move Into The Mainstream

    Trepp® features Thorofare Capital in its Trepp Talk Top Story of the Week about how alternative, or non-bank lenders, a staple in the commercial real estate industry for decades, have come into their own.

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