In the news. Around the nation.
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.
Thorofare Poised for Growth After Acquisition by Callodine Group
Thorofare Capital will be spearheading a new real estate arm at asset manager Callodine Group as part of a new strategic partnership, paving the way for the lender to tackle larger deals.
Thorofare Funds $34M on SoCal Mixed-Use Acquisition
Thorofare Capital supplied a short-term, pre-development loan for the joint venture to acquire a 3.43-acre site in Culver City, Calif. The sponsors paid $44.6 million for the 11111 Jefferson Boulevard property for a planned 230-unit multifamily development with 66,500 square feet of retail and 652 parking spaces.
Thorofare Funds $17MM Construction Loan for Philadelphia Multifamily Project
Once completed the project will consist of one, four-story building, featuring 72 residential units, 16,339 SF of ground floor commercial space and one level of subterranean parking with 52 spaces at 2224 Germantown Avenue near Temple University. Meridian Capital Group LLC placed the loan, on behalf of Trinity Realty Companies, with debt fund manager Thorofare Capital.
Thorofare Funds Bridge Loan for $17.5M Acquisition of Multifamily Property in Denver Opportunity Zone
Mile High Place South is a new-build, 60-unit mid-rise apartment building located in Denver’s burgeoning Sloan’s Lake neighborhood. Berkadia Commercial Mortgage placed the pre-TCO loan with debt fund manager Thorofare Capital.
Thorofare Funds $17.3MM Bridge Loan for Value-Add Multifamily Acquisition in Metro Atlanta
Flint River Apartment Homes is a 200-unit, garden-style multifamily community that will undergo an interior and exterior renovation. American Street Capital placed the loan with debt fund manager Thorofare Capital.
LIVWRK Acquires 2.45-Acre MXU Assemblage in Miami’s Wynwood Arts District
Los Angeles-based Thorofare Capital provided a $28.44 million mortgage that covered all of the properties in the deal.
Thorofare to Open New Office in Miami
Downtown Los Angeles-based commercial real estate lender Thorofare Capital, Inc. is expanding its footprint in the Southeast, opening a second corporate headquarters in Miami.