Thorofare Capital has announced that it has recently closed a $3,042,000 bridge loan to refinance an industrial facility located at 4057 Port Chicago Highway in the northern portion of the city of Concord. The purpose of the refinance was to pay off mortgages from Sun Life Assurance of Canada and a working capital line of credit secured by West America Bank. The Sun Life loan is currently due and the West America loan (revolving line used for operating their business) was called due to their discovery of a tax lien.

The 1985-built property was acquired by the current owner in 2002. The property is comprised of approximately 65,471 total rentable square feet consisting of three floors of concrete high load mezzanine space. The property is currently 87.37% occupied by two tenants, with CompuMail occupying 78.2%. CompuMail was formed in 1992 and is exclusively focused on providing unique collection letter solutions to agencies throughout North America. Their business model is to assist in the collection of a variety of delinquent receivables, ranging from medical accounts and bad checks to student loans and credit card debts.