Thorofare Capital has funded $477,455 in note acquisition financing for two sub-performing loans with an unpaid balance of $1,743,822. The purchase price for the two loans is $702,500 plus $35,000 for delinquent property taxes.

Loan 1 with an unpaid balance of $1,330,014 is secured by a Multi-Tenant Office Building with 10,323 net rentable square feet. The Property located at 2208 Plaza Drive, Rocklin, CA, appraised for $820,000 on 2/7/11 and is 40% occupied. Thorofare has conservatively revalued this property at $723,000.

Loan 2 with an unpaid balance of $413,807 is secured by a Multi-Tenant Medical Office Complex with 8,210 net rentable square feet. The Property located at 2737 Woodberry Way, Rancho Cordova, CA appraised for $420,000 on 1/11/11 and is 30% occupied. Thorofare has conservatively revalued this property at $287,350.