In the news. Around the nation.
Featured Press
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Callodine Group Announces Acquisition of Thorofare Capital
Callodine Group, an asset management firm focused on yield-oriented investment strategies, today announced that it has entered into a definitive agreement to acquire a majority stake in Thorofare Capital, Inc.
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Thorofare to Open Second HQ in Miami
An executive with the Los Angeles-based firm called Miami a natural fit for the company’s expansion into the Southeast.
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Thorofare Executes $327 Million in 2020 CRE Loan Originations Amidst Choppy Market Conditions
Thorofare Capital originated 19 debt investments totaling $327 million in capital commitments for 2020, reporting the busiest fourth quarter in the bridge lender’s 10-year history.
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Gundlach’s DoubleLine Teams With Thorofare On Bridge Loans
DoubleLine Capital, announced that it is teaming up with fellow downtown firm Thorofare Capital in a move that will give DoubleLine’s investors access to a new pool of short-term real estate loans. Under an exclusive arrangement, Thorofare will underwrite and originate middle-market commercial real estate loans – with terms of between two and five years – that it will then sell to DoubleLine.
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Thorofare Funds $23 Million Loan for Refinancing of Multifamily Property Near Tulsa
Los Angeles-based Thorofare Capital has funded a $23 million loan for the refinancing of Dream Aspen Creek, a 240-unit multifamily property in Broken Arrow, located just east of Tulsa.
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Thorofare Provides Financing for The Jovie at Pflugerville Active Adult Community in Texas
Thorofare Capital has provided a bridge loan to Wilson Capital to refinance an existing construction loan on The Jovie at Pflugerville. The newly completed, 182-unit, Class A active adult multifamily community opened in mid-2023 and is situated roughly 20 miles north of Austin. The loan amount was not disclosed.
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Thorofare Funds Bridge Loan for The Jovie at Pflugerville in Greater Austin
Wilson Capital, one of Austin’s largest multifamily developers, continues a refinancing spree, closing most recently a construction loan for its recently completed project called The Jovie at Pflugerville. Los Angeles-based Thorofare Capital, a commercial real estate debt manager, provided a bridge loan of an undisclosed amount.
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Thorofare, Pearlmark Lend $40 Million Against Charlotte Apartments
Thorofare Capital has provided $30 million of senior financing, while Pearlmark has provided $10 million of mezzanine debt to complete the second phase of the Link NoDa apartment complex in Charlotte, N.C.
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Thorofare Funds $30 Million for Link NoDa Phase II in Charlotte
Thorofare Capital originated a $30 million construction-completion loan, while Pearlmark provided $10 million in mezzanine debt with the assistance of CBRE representing Grubb Properties.
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Thorofare Funds $24.7 Million Bridge Loan for Philadelphia Multifamily
Palladium Group has secured $24.7 million from Thorofare Capital Inc. for the refinancing of Corner 2nd Apartments, a 71-unit luxury multifamily community, with 10,000 SF of ground floor retail, in Philadelphia’s Fishtown submarket. Institutional Property Advisors represented the borrower.
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Thorofare Funds $26 Million Bridge Loan for San Diego Multifamily
Thorofare Capital Inc. has provided a $26 million loan for the refinancing and lease-up of Chapman Place Apartments, an 82-unit luxury multifamily community in San Diego. Capital Partners Inc. arranged the transaction for the borrower, Chapman Place LLC.
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Thorofare Lends $25 Million on Chapel Hill Life Sciences Development
Grubb Properties has nabbed a $25 million loan for the lease-up of a mixed-use life sciences asset across from the University of North Carolina– Chapel Hill campus. The loan was arranged by Cooper Horowitz.
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Thorofare Lends $54 Million on Chicago-Area Data Center Portfolio
The two properties, at 711 North Edgewood Avenue and 341 Haynes Drive in Wood Dale, Ill., have a combined 193,395 square feet and a total capacity of 4,801 kilowatts. Both are operated by Element Critical, a wholly owned subsidiary of Safanad.
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Thorofare Scales Growth With Three Hires
Thorofare’s national growth as a commercial real estate lender has taken a step forward with the addition of three new senior investment professionals in the Miami, Los Angeles and Charlotte markets, Commercial Observer can first report.