In the news. Around the nation.
Thorofare Provides $53,500,000 for CT Multifamily Portfolio
The financing is secured by Bereley at Waypointe and Quincy Lofts, two Class-A apartment communities developed in 2016 by the sponsor, a joint venture between affiliates of Alex. Brown Realty, Inc. and Belpointe Companies.
Thorofare Funds $11,400,000 Acquisition Loan for Multifamily Property in Phoenix
El Cortez Apartments is a value-add project that features 158 apartments and was 67 percent occupied at closing.
Thorofare Adds Daniel Pavlinik as Director of Pacific Northwest Originations
Daniel Pavlinik has joined Thorofare Capital as Director of Origination for the Los Angeles company’s Pacific Northwest region.
Value Vanguards: How Multifamily Bridge Lenders Are Uncovering Upside
Thorofare Capital is featured in Multi-Housing News’ article to describe how non-bank multifamily bridge lenders are finding innovative ways to stay competitive with banks.
Thorofare Funds $13,000,000 for Sterling Organization’s Mag Mile Development
Mission Capital Advisors announced that its debt and equity finance group has arranged $13 million of non-recourse, floating-rate financing to recapitalize 110 E. Pearson Street.
Why Private Debt Activity Is Growing
Private debt activity is growing. While banks, institutions, and the agencies are taking a bulk of the pie, private lenders are filling a void for small and mid-sized operators.
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 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.