In the news. Around the nation.
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.
Dealmaker: Thorofare Capital Lends $21,000,000 on Hotel, Multifamily
MBA Newslink covers The Claremont Hotel and Villa Riviera Apartments, two recently closed financing transactions originated by Thorofare through its multi-strategy direct lending platform.
Thorofare Capital Funds $19,000,000 Bridge Loan for Assisted Living Community in Phoenix
Thorofare Capital has provided a $19,000,000 fixed-rate bridge loan to an affiliate of ArciTerra Cos. LLC. The funds will be used to refinance debt on MorningStar at Arcadia, a 135-bed assisted living community in Phoenix.
Thorofare Funds $40,000,000 for Hartford Office Tower Acquisition
Thorofare Capital has provided an affiliate of Shelbourne Global Solutions with a $40,000,000 floating-rate commercial mortgage for the acquisition of Metro Center, a 293,640 s/f Class A office building, located in Hartford, CT.