In the news. Around the nation.

The floating rate, short term $20 million construction-completion loan was obtained by an affiliate of Phoenix-based 1784 Capital Holdings. Life Storage (NYSE: LSI) will manage the day-to-day operations upon the project’s impending completion.

JLL worked on behalf of a joint venture, between George Urban Properties and Long Wharf Capital, to secure the three-year bridge loan from debt fund operator Thorofare Capital.

Dynamic City Capital has completed its purchase of the 190-room Portofino Inn & Suites across from Disneyland Park in Anaheim, Calif. Dynamic City turned to Thorofare Capital Inc. for $40M of senior financing and $12.5M of mezzanine financing provided by Taconic Capital Advisors.

The portfolio includes Crescent Oaks in Sunnyvale and Silver Oaks in Menlo Park. JLL Capital Markets worked on behalf of the borrower, Calson Management, to secure an 18-month, fixed-rate loan from Thorofare Capital.

Bridge lender Thorofare Capital is on track to originate over $1 billion of commercial real estate loans this year after wrapping up its two busiest quarters ever.

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 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.

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.

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.

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.