Thorofare Capital

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Thorofare Capital is a national, vertically integrated commercial real estate debt manager. The Los Angeles-based firm, with additional offices in Newport Beach, Miami, and Dallas, focuses on originating, underwriting and asset managing $15 million to $100 million loans secured by various property types. Its affiliate, Thorofare, LLC, is a registered investment adviser specializing in alternative fixed-income opportunities through US commercial real estate debt investments. With a national presence, Thorofare has originated more than $5.2 billion since the firm’s inception in 2010, across more than 13 property types throughout 34 states.

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Transaction Types

Short-Term Bridge Loans Opportunistic

Loan Amounts
$15MM to $75MM


Term (Years)
1+6 or 1+1


Interest Rates
1-Month Term SOFR + 350-550bps


Description
Special situations, quick closings, NPL/REO auction acquisitions, DPOs or “heavy-lift” CapEx projects.

Intermediate-Term Whole Loans Value-add

Loan Amounts
$15MM to $50MM


Term (Years)
2+1 or 2+1+1 or 3+1+1


Interest Rates
1-Month Term SOFR + 300-495bps


Description
Floating rate whole loans for experienced sponsors acquiring or recapitalizing transitional properties through future-funded CapEx, TIs and LCs.

Institutional Loans

Loan Amounts
$25MM to $75MM


Term (Years)
2+1+1 or 3+1+1


Interest Rates
1-Month Term SOFR + 450-595bps


Description
Acquisitions and refinance, construction completion, and ground-up construction.


Investment Characteristics

  • Attractive target market
  • Favorable supply/demand dynamics
  • Compelling business plan
  • Strong structural protection
Contact Us

Callodine Group, LLC.
Two International Place
Suite 1830
Boston, MA 02110