Thorofare Capital

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Thorofare Capital is a national, vertically integrated commercial real estate investment manager. Headquartered in Los Angeles with additional offices in New York City, Miami, and Dallas, Thorofare manages over $1 billion in AUM. The firm focuses on $10 million to $100 million financing transactions, targeting value-add and opportunistic acquisitions, recapitalizations, and distressed debt secured by transitional properties. Thorofare has originated over $3.3 billion in transactions since firm inception in 2010, across more than 12 property types throughout 32 states.

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Transaction Types

Short-Term Bridge Loans

Loan Amounts
$10MM to $100MM


Term (Years)
1+1 or 2+1


Interest Rates
1-Month LIBOR + 600-800bps
Fixed Rates Available


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

Intermediate-Term Whole Loans

Loan Amounts
$15MM to $60MM


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


Interest Rates
1-Month LIBOR + 450-550bps


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)
3+1+1 or 4+1


Interest Rates
1-Month LIBOR + 350-450bps


Description
Larger loan sizes for institutional-quality properties with near-stabilized cash flow profiles


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