Thorofare putting latest investment vehicles to work

Thorofare Capital has funded loans totaling $29.2m for retail financings secured by shopping centers across the country, putting to work a new $400m investment vehicle the firm announced in September, Real Estate Capital has learned. In the largest of the three financings, the Los Angeles-based firm funded a $13.5m bridge loan for the refinancing of Forum Center, a 140,000 sq ft shopping center in the Hurstbourne Parkway corridor of Louisville, Kentucky. The non-recourse financing carries an initial term of one-and-a-half years at LIBOR plus 680 basis points. The loan was funded through the new investment vehicle, which writes floating-rate senior loans on value-add opportunities.

To read this article, you need to sign in.

You should only be asked to sign in once. Not the case? Click here

Register now to read this article and more for free.

Share this