In the news. Around the nation.

The 16-story Sheraton Silver Spring Hotel, located 7 miles north of downtown D.C., features 229 keys. Built in 1971, the property underwent recent renovations.

Thorofare Capital has closed its first loan backed by a data center and is looking to spend up to USD $100mm more to increase its exposure to first-lien mortgages secured by that asset class.

The structured loan repays the borrower’s construction loan and funds reserves while the facility continues its stabilization.

Thorofare Capital has funded a $13 million bridge loan to refinance and renovate Park Terrace, a 277-unit assisted living and independent living community in North Phoenix.

Thorofare Capital provided Brooklyn-based Up Realty with an $18.75 million bridge loan for the acquisition and renovation of the New Cambridge Apartments at 1175 Farmington Avenue in Bristol, Conn., Commercial Observer has learned.

For lenders like Los Angeles-based Thorofare Capital, funding deals in Denver has become a primary strategy, said Felix Gutnikov, a principal with the firm. In September, Thorofare provided $30.3 million in short-term bridge financing to Mass Equities to acquire industrial buildings on 7.8 acres in Denver’s booming River North Art District (RiNo) neighborhood near downtown.

Thorofare funds loans of $3 million to $100 million for both its funds and the DoubleLine programs against properties in every major sector across the country, in order to facilitate discounted pay-offs of existing mortgages and the purchase of nonperforming loans and portfolios.

Thorofare Capital has funded a $30 million short-term bridge loan for the acquisition of a 157,210-square-foot industrial property in Denver. The buyer is planning a $200 million mixed-use development on the 7.8-acre site, located at Denver’s River North Arts District.

Thorofare Capital has recently provided $30.3 million of short-term financing for the acquisition of a 157,210 square foot, two building industrial facility located in the most desirable and up-and-coming location within the River North Arts District (RiNo) of Denver, CO.

Albemarle Point Center includes a class “A” 73,356-sf office building on Croghan Spur and an adjacent 11,000-sf flex building on Albemarle Road.