Preservation first. Yield second.

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Strategic Real Estate Lending

Thorofare Capital is a national, vertically integrated commercial real estate debt manager. The Los Angeles-based firm, with additional offices in New York City, Miami, Dallas, and Chapel Hill, focuses on originating, underwriting and asset managing $15 million to $100 million loans secured by various property types. Its affiliate, Thorofare, LLC, is a registered investment adviser specializing in alternative fixed-income opportunities through US commercial real estate debt investments. With a national presence, Thorofare has originated more than $4.7 billion since the firm’s inception in 2010, across more than 13 property types throughout 33 states. Thorofare is an affiliate of Callodine Group, an asset management platform with approximately $20 billion in AUM.

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A Callodine Group Company

Callodine Group is an asset management platform with approximately $20 billion in assets under management across affiliated advisers. Callodine’s asset management subsidiaries target investment strategies across public equities, private credit, real estate and fixed income on behalf of their individual and institutional investor clients. The firm’s subsidiaries have the ability to invest across the capital structure and pursue predominantly income-oriented investments with high cash yields and the potential for equity-like returns.

Callodine Website

“Our mission is to provide transparent and timely solutions for our clients. By staying true to this vision, we’ve built lasting partnerships with many investors, mortgage bankers, and real estate owner-operators throughout the country.”Kevin Miller, CEO

Thorofare At A Glance

Track Record

$4.83 Billion+

Through a series of closed-end funds, joint ventures and separate accounts, Thorofare originates commercial real estate loans across its multi-strategy lending platform.

Multi-Strategy Platform

Loan Origination and Asset Management

Short-term
Bridge Loans

  • $800 Million Allocation
  • $15 Million Minimum
  • $75 Million Maximum

Medium-term
Whole Loans

  • $500 Million Allocation
  • $15 Million Minimum
  • $60 Million Maximum

Institutional
Loans

  • $750 Million Allocation
  • $20 Million Minimum
  • $50 Million Maximum

National Presence

Highlighted states represent where we have closed deals.

Major Milestones

2024

  • Dec 2023

    Thorofare exceeds $4.5 billion of total originated loans across its multi-strategy platform

  • Aug 2023

    Thorofare opens Chapel Hill office, establishing its presence in North Carolina

  • Aug 2022

    Thorofare exceeds $4 billion of total originated loans across its multi-strategy platform

  • Dec 2021

    Callodine Group announces acquisition of majority stake in Thorofare Capital

  • Sep 2021

    Thorofare opens Dallas office, establishing its presence in Texas

  • Aug 2021

    Thorofare exceeds $3 billion of total originated loans across its multi-strategy platform

  • Jun 2021

    Thorofare opens Miami office, establishing its presence in Florida

  • Jan 2020

    Thorofare opens New York City office, launching its Capital Markets division

  • Dec 2019

    Thorofare exceeds $2.2 billion of total originated loans across its multi-strategy platform

  • Nov 2017

    Thorofare completes originating loans through its Fund IV, deploying $378.4 million* across 45 loans

  • Oct 2017

    Thorofare expands short-term loan program capacity with evergreen capital strategy

  • Nov 2016

    Thorofare exceeds $1 billion of total originated loans across its multi-strategy platform

  • May 2015

    Thorofare completes originating loans through its Fund III, deploying $288.9 million* across 48 loans

  • Jan 2015

    Thorofare receives allocation of up to $400 million for its Intermediate-Term Whole Loan Strategy

  • Jun 2013

    Thorofare completes originating loans through its Fund II, deploying $229.39 million* across 51 loans

  • Sep 2011

    Thorofare completes originating loans through its Fund I, deploying $29.44 million* across 16 loans

  • Jul 2010

    Thorofare is founded in Downtown Los Angeles

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Thorofare's Impact

Dedicated to making a positive change for our communities and the future.

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Figures are as of 08.27.24 and include assets held by non-advisory loan origination and servicing clients managed outside of the Thorofare, LLC client accounts.
*Total sum includes participations from our co-lenders, B Notes and separate accounts.

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