In the news. Around the nation.

Thorofare Capital has provided a $74 million bridge loan for the refinancing of The Residences at Enso, a 304-unit multifamily community located 20 miles east of downtown Jacksonville along the Saint Johns River.

Thorofare Capital provided a $73,070,000 bridge loan to refinance The Residences at Enso. Trevato Development Group will use this interim financing primarily to retire the original bank construction loan on the Class A property, which was more than 90% occupied at the time of closing.

Thorofare Capital has funded a $22 million floating-rate senior mortgage loan for an office-to-residential conversion project in Los Angeles. The undisclosed borrower plans to convert a six-story, 259,484-square-foot building along Wilshire Boulevard into a 265-unit multifamily property offering 451 onsite parking spaces.

Trevato Development Group — a Jacksonville Beach-based real estate investment, development and redevelopment company founded in 2016 — will use the CBRE-arranged interim financing primarily to retire the original bank construction loan on the The Residences at Enso.

Los Angeles-based Thorofare Capital has provided a $48.3 million acquisition loan for an 838,214-square-foot manufacturing facility in the Dallas-Fort Worth (DFW) area.

Thorofare Capital, an affiliate of Callodine Group LLC, has provided a $42.9 million bridge loan for the refinancing of Risor of St. Louis, an active adult community located in Minneapolis. Roers Cos. is the borrower.

Thorofare Capital provided the loan on the joint venture’s Track6 project in Seattle’s SoDo — or South
of Downtown — neighborhood.

Los Angeles-based Thorofare Capital has funded a $23 million loan for the refinancing of Dream Aspen Creek, a 240-unit multifamily property in Broken Arrow, located just east of Tulsa.

Thorofare Capital has provided a bridge loan to Wilson Capital to refinance an existing construction loan on The Jovie at Pflugerville. The newly completed, 182-unit, Class A active adult multifamily community opened in mid-2023 and is situated roughly 20 miles north of Austin. The loan amount was not disclosed.

Wilson Capital, one of Austin’s largest multifamily developers, continues a refinancing spree, closing most recently a construction loan for its recently completed project called The Jovie at Pflugerville. Los Angeles-based Thorofare Capital, a commercial real estate debt manager, provided a bridge loan of an undisclosed amount.