In the news. Around the nation.

Thorofare Capital supplied a short-term, pre-development loan for the joint venture to acquire a 3.43-acre site in Culver City, Calif. The sponsors paid $44.6 million for the 11111 Jefferson Boulevard property for a planned 230-unit multifamily development with 66,500 square feet of retail and 652 parking spaces.

Once completed the project will consist of one, four-story building, featuring 72 residential units, 16,339 SF of ground floor commercial space and one level of subterranean parking with 52 spaces at 2224 Germantown Avenue near Temple University. Meridian Capital Group LLC placed the loan, on behalf of Trinity Realty Companies, with debt fund manager Thorofare Capital.

Mile High Place South is a new-build, 60-unit mid-rise apartment building located in Denver’s burgeoning Sloan’s Lake neighborhood. Berkadia Commercial Mortgage placed the pre-TCO loan with debt fund manager Thorofare Capital.

Flint River Apartment Homes is a 200-unit, garden-style multifamily community that will undergo an interior and exterior renovation. American Street Capital placed the loan with debt fund manager Thorofare Capital.

Los Angeles-based Thorofare Capital provided a $28.44 million mortgage that covered all of the properties in the deal.

Downtown Los Angeles-based commercial real estate lender Thorofare Capital, Inc. is expanding its footprint in the Southeast, opening a second corporate headquarters in Miami.

Brendan Miller, chief investment officer at Thorofare Capital, has relocated to Miami to oversee the expansion of a second East Coast outpost for the Los Angeles lender.

CGI+ Strategies has sold Astoria at Celebration, a 306-unit luxury community in Celebration, Fla., to Versity Investments. Thorofare Capital provided $44 million in permanent acquisition financing to facilitate the transaction. The resort-style property is located at 1688 Celebration Blvd., adjacent to Celebration, a 4,900-acre master-planned community constructed in 1996 by the Walt Disney Co.

Thorofare Capital has provided a $14.25 million bridge loan for a rare, 2.5-acre assemblage at a prime location in Downtown Miami. The site, at 251 Flagler Street, comes with massive redevelopment potential, opening up the path for a buyer to potentially construct a 2.6 million-square-foot project.

Thorofare has provided a $30.8 million redevelopment loan to The Chetrit Group for 440 Elizabeth Avenue, a 25-story multifamily tower adjacent to Newark International Airport in Newark, N.J.. The property, formerly known as Carmel Towers, towers over the Weequahic neighborhood in Newark’s South Ward, built around the 311-acre Weequahic Park — the largest park in Essex County.