In the news. Around the nation.
Thorofare Funds $16,280,000 Acquisition Loan for Charleston, SC Office Property
Albemarle Point Center includes a class “A” 73,356-sf office building on Croghan Spur and an adjacent 11,000-sf flex building on Albemarle Road.
Thorofare Funds $9,545,000 Acquisition Loan for Corporetum Office Campus VI
HFF worked on behalf of the buyer to secure the three-year bridge loan through Thorofare Capital that includes a facility towards capital improvements and leasing costs for the two-building office property, totaling 168,698-square-feet, in Lisle, Illinois.
Alternative Lenders Move Into The Mainstream
Trepp® features Thorofare Capital in its Trepp Talk Top Story of the Week about how alternative, or non-bank lenders, a staple in the commercial real estate industry for decades, have come into their own.
Dealmaker: Thorofare Capital Lends $21,000,000 on Hotel, Multifamily
MBA Newslink covers The Claremont Hotel and Villa Riviera Apartments, two recently closed financing transactions originated by Thorofare through its multi-strategy direct lending platform.
Thorofare Capital Funds $19,000,000 Bridge Loan for Assisted Living Community in Phoenix
Thorofare Capital has provided a $19,000,000 fixed-rate bridge loan to an affiliate of ArciTerra Cos. LLC. The funds will be used to refinance debt on MorningStar at Arcadia, a 135-bed assisted living community in Phoenix.
Thorofare Funds $40,000,000 for Hartford Office Tower Acquisition
Thorofare Capital has provided an affiliate of Shelbourne Global Solutions with a $40,000,000 floating-rate commercial mortgage for the acquisition of Metro Center, a 293,640 s/f Class A office building, located in Hartford, CT.
Dealmaker: Thorofare Capital Lends $33,000,000 in Colorado, California
MBA Newslink highlights two recent closed financing transactions by Thorofare Capital, including value-add office building in Denver and a Fortune 100-leased industrial/distribution facility in National City.
Thorofare Lends $40,000,000 Against Hartford’s Metro Center
Thorofare Capital has provided $40,000,000 of financing against Metro Center, a 293,640-square-foot office building in Hartford, Conn., facilitating its purchase by Shelbourne Global Solutions for $49,000,000, or $167/sf.
Finance & Investment: Ready to Refinance?
Private lenders step in to fill the CMBS gap.
Thorofare Enters Denver with $19,800,000 Acquisition Loan
Thorofare Capital of Los Angeles entered the Denver market with $19,800,000 million in first-mortgage debt for the acquisition, syndication and lease-up of the 134,643-square-foot Parkway Office Centre.