In the news. Around the nation.
Who The CMBS Collapse Helped
Thorofare Capital has funded nine short-term first mortgage debt totaling $120,000,000 in loans in the last 60 days. All of the loans were allocated to properties in various geographic regions, including Washington State, California, Oregon, South Carolina and New Jersey, and across product types.
Thorofare Funds $15,300,000 Bridge Loan for Gowanus Project
WSJ’s What’s The Deal: A large property owner in Brooklyn has secured a loan to restore a group of early 20th-century industrial buildings in the borough’s Gowanus neighborhood.
Thorofare Funds $15,000,000 for Acquisition of Home Ranch Community Center
A Beverly Hills-based private investment group, an affiliate of Greenbridge Investment Partners, has acquired Home Ranch Center, a 54,200 Sq. Ft., value-add neighborhood shopping center in the affluent Orange County community of Yorba Linda.
Thorofare Funds ArcWest Partners’ Acquisition of Koreatown’s Historic Chapman Plaza
ArcWest Partners, a joint venture between Arc Capital Partners LLC (Arc Capital Partners) and Belay Investment Group, LLC (Belay) has acquired Chapman Plaza, an approximately 50,000 square foot historic retail center in Koreatown, Los Angeles.
Commercial Observer Q&A With Kevin Miller
Kevin Miller, Co-President and CEO of Thorofare Capital, is featured in Commercial Observer’s ‘Finance Weekly’ April 1, 2016 editorial. Danielle Balbi interviews Mr. Miller to discuss the firms recently closed deals, Thorofare’s partnership with DoubleLine and the state of the real estate capital markets.
Thorofare Originates $54,000,000 In Bridge Loans Out Of Its Newest Debt Fund
Thorofare Capital, together with its subsidiaries, has originated $54 million in short-term first mortgage debt out of its recently launched Thorofare Asset Based Lending Fund IV, L.P., a closed-end debt fund vehicle with a target deployment capitalization of $450 million.
Thorofare Funds $32,500,000 For Acquisition Of Power Center In Indianapolis
Los Angeles-based Thorofare Capital has provided an affiliate of Arciterra Group with a $32.5 million floating rate commercial mortgage for the acquisition of Castleton Square & Commons, a 256,582 sq ft shopping center in Indianapolis, Indiana, Real Estate Capital has Learned.
Thorofare Lends $32.5 Million Against Castleton Square & Commons Power Center
The financing allowed Arciterra Group, a Phoenix developer, to buy the property from McKinley Inc. of Ann Arbor, Michigan, which used proceeds of the sale to defease, or replace with government securities, a $23.4 million CMBS loan against the two-building property.
Thorofare Funds $24,770,000 In Multifamily Bridge Loans
The financing is designated for two class B communities in Texas and Florida.
Thorofare Funds $18,750,000 For Office And Hotel Properties In California And Illinois
The two financing transactions include $12,650,000 in floating rate debt for a Hilton Garden Inn Hotel and $6,100,000 fixed rate bridge loan for a Class A Office Complex.