In the news. Around the nation.

  • 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 Lends $35.8M Against Dallas Office Complex

    Thorofare Capital has provided $35.8 million of short-term financing against Heritage Square I & II, a 368,214-square-foot office complex in Dallas, allowing the property’s owner, Brookwood Financial Partners, to refinance existing debt and fund the property’s stabilization.

  • 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.

  • Thorofare Funds $13M Loan for Converted Seniors Housing Community in Phoenix

    Thorofare Capital has funded a $13 million bridge loan to refinance and renovate Park Terrace, a 277-unit assisted living and independent living community in North Phoenix.

     

  • Thorofare Funds $18,750,000 Loan for Acquisition and Renovation of Multifamily Complex in Connecticut

    Thorofare Capital provided Brooklyn-based Up Realty with an $18.75 million bridge loan for the acquisition and renovation of the New Cambridge Apartments at 1175 Farmington Avenue in Bristol, Conn., Commercial Observer has learned.

  • Investors Pour into Small Markets, Drive Price Momentum

    For lenders like Los Angeles-based Thorofare Capital, funding deals in Denver has become a primary strategy, said Felix Gutnikov, a principal with the firm. In September, Thorofare provided $30.3 million in short-term bridge financing to Mass Equities to acquire industrial buildings on 7.8 acres in Denver’s booming River North Art District (RiNo) neighborhood near downtown.

     

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