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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 Acquisition Loan for The St. Charles in Koreatown

    The Brooklyn Cos., a downtown Los Angeles-based firm billed as a real estate firm serving family offices, has acquired a four-story, 54-unit, 45,000-square-foot mixed-use apartment building at 240 S. Western Ave. in Koreatown, for $11.3 million

  • Thorofare Funds $16 Million for DC-Area Sheraton Hotel

    The 16-story Sheraton Silver Spring Hotel, located 7 miles north of downtown D.C., features 229 keys. Built in 1971, the property underwent recent renovations.

  • Thorofare Writes First Data Center Loan in USD $100mm Lending Push

    Thorofare Capital has closed its first loan backed by a data center and is looking to spend up to USD $100mm more to increase its exposure to first-lien mortgages secured by that asset class.

  • Thorofare Capital Funds $13M Short-term Bridge Loan for Senior Housing Property in Phoenix

    The structured loan repays the borrower’s construction loan and funds reserves while the facility continues its stabilization.

  • Thorofare Funds $13M Loan for Converted Seniors Housing Community in Phoenix

    Thorofare Capital has funded a $13 million bridge loan to refinance and renovate Park Terrace, a 277-unit assisted living and independent living community in North Phoenix.

     

  • 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.

  • 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.

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