In the news. Around the nation.
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Thorofare Capital Funds $24M Acquisition Loan for Beverly Hills Portfolio
The properties include 415 North Camden Dr., a 17,936-square-foot, two-story mixed-use retail, medical and office use building in the renowned Beverly Hills Golden Triangle. The second property includes a 10,884-square-foot medical office building, located at 152-160 South Lasky Dr., adjacent to the Lasky Hotel development across the street from the Peninsula Hotel.
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Thorofare Featured in Globe Street on Interest Rate Trends in Commercial Real Estate
Interest rate increases at the end of 2018 stalled the capital markets, but with interest rates remaining low this year, borrower demand has rebounded.
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Denis Barreto, Jr. Joins Thorofare Capital as Director of Credit
He brings more than 12 years of experience in underwriting commercial real estate investments, including equity, debt and structured finance transactions.
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Thorofare Provides $53,500,000 for CT Multifamily Portfolio
The financing is secured by Bereley at Waypointe and Quincy Lofts, two Class-A apartment communities developed in 2016 by the sponsor, a joint venture between affiliates of Alex. Brown Realty, Inc. and Belpointe Companies.
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Thorofare Funds $11,400,000 Acquisition Loan for Multifamily Property in Phoenix
El Cortez Apartments is a value-add project that features 158 apartments and was 67 percent occupied at closing.
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Value Vanguards: How Multifamily Bridge Lenders Are Uncovering Upside
Thorofare Capital is featured in Multi-Housing News’ article to describe how non-bank multifamily bridge lenders are finding innovative ways to stay competitive with banks.
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Thorofare Funds $13,000,000 for Sterling Organization’s Mag Mile Development
Mission Capital Advisors announced that its debt and equity finance group has arranged $13 million of non-recourse, floating-rate financing to recapitalize 110 E. Pearson Street.
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Why Private Debt Activity Is Growing
Private debt activity is growing. While banks, institutions, and the agencies are taking a bulk of the pie, private lenders are filling a void for small and mid-sized operators.
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Thorofare Lends $35.8M Against Dallas Office Complex
Thorofare Capital has provided $35.8 million of short-term financing against Heritage Square I & II, a 368,214-square-foot office complex in Dallas, allowing the property’s owner, Brookwood Financial Partners, to refinance existing debt and fund the property’s stabilization.
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Thorofare Funds Acquisition Loan for The St. Charles in Koreatown
The Brooklyn Cos., a downtown Los Angeles-based firm billed as a real estate firm serving family offices, has acquired a four-story, 54-unit, 45,000-square-foot mixed-use apartment building at 240 S. Western Ave. in Koreatown, for $11.3 million