In the news. Around the nation.
Thorofare Funds $12,800,000 Loan For Qualtec Portfolio Acquisition
CHICAGO – Thorofare Capital recently funded a $12.8 million non-recourse loan for the acquisition of a retail and industrial portfolio comprising about 500,000 sq. ft. in the Chicago area, properties sold by Hilco Real Estate LLC for the Qualteq bankruptcy.
Thorofare Funds $46,000,000 In 30 Days
LOS ANGELES – GlobeSt.com has learned exclusively that locally based Thorofare Capital Inc. closed more than nine transactions in five states for ten different property types between November 28 and December 28, 2012. Property types include retail, multifamily, industrial, self-storage, condominiums, office, land, marina, medical…
Thorofare Has Raised $75,000,000 Of Equity
NEW YORK – InstitutionalInvestor.com has learned that Thorofare Capital has raised $75 million of equity, and is expected to reach $100 million in the next two months for Thorofare Asset Based Lending Fund II, L.P. The company has an investment goal of $250 million, which will be used to originate loans of up to $20 million on a broad range of assets across the commercial real estate sector. The fund provides monthly distributions to its investors (Commercial Mortgage Alert)…
Los Angeles Lender Seeks Short-Term Deals Nationally
NEW YORK – RealEstateFinanceIntelligence.com has learned that Thorofare Capital, a Los Angeles-based Investment management company, is seeking opportunities to originate short term senior mortgages across the U.S. The company Invests via a series of funds with more than $100 million of committed equity and is responding to the significant demand for refinancing, said Kevin Miller, managing member. “We feel the product we are offering is needed,” he added…
Thorofare Corralling Capital For Debt Fund
A lending shop is making progress towards its goal of raising $250 million of capital for its second debt fund.
Thorofare Funds $8,550,000 Bridge Loan To Refi Sheraton
SAN DIEGO – GlobeSt.com has exclusively learned that Thorofare Capital Inc. has provided an $8.55 million senior bridge loan to refinance the Four Points by Sheraton San Diego, an affiliate property of Starwood Hotels and Resorts franchise. The loan was utilized to pay off an existing mortgage, which was acquired from a regional bank in a loan-portfolio transaction involving Deutsche Bank…