In the news. Around the nation.
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Thorofare Funds $14.5 Million Acquisition Loan for Industrial Warehouse Facility
Walker & Dulop arranged the financing for a joint venture between Greenmont Group and Tryperion Holdings to acquire Ella Grasso, a 450,000 SF industrial property located across from Bradley International Airport.
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Thorofare Funds $52 Million Bridge Loan for Luxury Rentals in Atlanta
McKinley Homes obtained senior mortgage financing that will be used to refinance and lease 142 rentals at Seven88 West Midtown. Meridian Capital Group arranged the loan with debt fund operator Thorofare Capital.
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Thorofare Funds $36 Million Acquisition Loan for Long Island Industrial
A joint venture between Thor Equities Group and Reinsurance Group of the Americans obtained $35.62 million in financing from debt fund manager Thorofare. Iron Hound arranged the purchase and renovation loan for the four-building, 189,000 SF industrial and distribution complex located on Carlls Path Road in Suffolk County, Long Island.
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Thorofare Funds $27 Million Bridge Loan for New Jersey Industrial Facility
The financing provided by debt fund operator Thorofare is secured by Thor Equities’ 24 River Road industrial property in Bogota, N.J., which it acquired for $50 million last year from Skybrook Capital.
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Thorofare Funds $41.46 Million Life Science Conversion Loan in Sorrento Mesa
King Street Properties, based in Boston, has made its first foray into the San Diego life science real estate market with the acquisition of a Sorrento Mesa office building that it plans to convert to lab space.
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Thorofare Upsizes Loan Against Fort Collins, Colo., Apartments
Thorofare Capital has provided $44.69 million of financing against the recently completed Willow Street Residences, with 197 units in Fort Collins, Colo.
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Thorofare Funds $34.5 Million for Le Gallerie in Greenwich Village
JLL arranged the loan from Los Angeles-based Thorofare Capital for KPG Funds to re-develop the seven-story property at 132 West 14th Street. KPG plans to transform the office and retail office property with a new structural expansion, featuring enlarged 15-foot ceiling heights on the top two floors along with a new façade designed by Marvel Architects.
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Thorofare Funds $28 Million Construction Loan for NuLu Yard Apartments
The 189-unit class A multifamily property is being developed by Louisville developer Weyland Ventures in the city’s East Market area, a trendy neighborhood also referred to as the NuLu or New Louisville district.
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Thorofare Funds $29 Million Construction Loan for 3PL Logistics Development Forward-Sale
Cushman & Wakefield arranged a $28.5 million loan from Thorofare Capital for Treetop Companies’ development of 500 Halls Mill Road, a Class A industrial building in Freehold, N.J.
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Thorofare Funds $585 Million Through Q2 2022
The Los Angeles-based Callodine Group affiliate manager targets recession-resilient sectors including logistics and storage, but is also not afraid of steering away from the herd.