Thorofare Capital
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 $1.3 billion in AUM. The firm focuses on $15 million to $100 million financing transactions, targeting value-add and opportunistic acquisitions, recapitalizations, and distressed debt secured by transitional properties. Thorofare has originated over $4 billion in transactions since firm inception in 2010, across more than 12 property types throughout 33 states.
Property Types
Thorofare Capital provides financing across a variety of property types, including but not limited to office, industrial, multifamily, retail, hospitality, data centers and self-storage. Our experienced team has provided financing solutions for each of these underlying property types and works seamlessly with our borrower clients to help them execute upon their business plans.
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