In the news. Around the nation.
Thorofare Funds $34.54M Completion Loan for 223 Willow Residences in Fort Collins, Colorado
The loan will allow the property’s developer, CA Ventures of Chicago, to retire a construction loan that had been provided by Associated Bank. The property, on a two-acre site at 223 Willow St. in Fort Collins’ River District, was nearly 90 percent completed at loan origination with construction slated for completion by August.
Thorofare Funds $15.7M Acquisition Loan for The Crosby in NYC’s SoHo
Thorofare Capital provided $15.7 million in first mortgage financing to a partnership of KPG Funds, LaSalle Global Solutions and Goldman Sachs Asset Management for the acquisition of 478-482 Broadway in New York City. Also known as 40 Crosby, the prewar building consists of 69,097 SF spanning office, retail and storage uses.
Thorofare Funds $17M Bridge Loan for North Scottsdale Self Storage Facility
An affiliate of 1784 Capital Holdings has landed $17 million in financing for 7200 Monogram, a 70,535-square-foot storage project in North Scottsdale, Ariz. Thorofare Capital Inc. funded the loan for the 804-unit, climate-controlled facility, which will be managed by Life Storage.
Thorofare Funds $24M Acquisition Loan for Class A Office Buildings in Austin
Urbana Partners secured a $24 million loan for the acquisition and repositioning of Reserve at Bull Creek, a 131,275-square-foot office complex in Austin’s Northwest submarket. Meridian Capital Group LLC placed the loan with debt fund manager Thorofare Capital.
Thorofare Funds $16M Bridge Loan for Flager Street Properties in Miami
Mana Common secured a $16.3 million loan for a three-building portfolio of properties located between NE 1st and 2st Avenue at 129, 133 and 141 East Flagler Street in Downtown Miami. Thorofare Capital, an affiliate of investment manager Callodine Group, provided the financing.
Thorofare Funds $20.7M Acquisition Loan for Silicon Valley Data Center Assemblage
Harrison Street Real Estate Capital LLC and Oppidan Investment Company Plan 50 Megawatt Data Center on 7.26-Acre Land Assemblage in Santa Clara, California.
Thorofare Funds Dallas Design District Portfolio
The Los Angeles-based commercial real estate investment manager provided Quadrant Investment Partners a loan toward a 13-building portfolio of newly converted and renovated flex office space in the flourishing Design District.
Thorofare Funds $15.4M Bridge Loan for Seniors Housing in Palm Beach County
The 100-unit assisted living and memory care facility, known as Tequesta Terrace, was acquired by West Palm Beach-based Alta Senior Living.
Thorofare Funds $34 Million for The John Buck Company and 3MR Capital-Led Culver City Project
A joint venture between Chicago-based The John Buck Co. and El Segundo-based 3MR Capital has received $34.1 million in financing for a project in Culver City. The loan, provided by Thorofare Capital, is for the planned $210 million mixed-use development of 11111 Jefferson, which sits on a 3.4-acre site at Sepulveda and Jefferson boulevards.
Callodine Acquires Majority Stake in Thorofare
The partnership will allow the Los Angeles-based lender to expand its lending and fundraising platforms.