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Follow on Google News | Thorofare Capital Allocates $400 Million to Floating Rate Commercial Real Estate Bridge LoansBy: Thorofare Capital The program will focus on $5 million -$25 million senior loans with average durations between two and five years, rates starting at 5.50% and advance rates up to 75% LTV. Asset classes include multifamily, retail, industrial, hospitality, office, and certain specialty asset classes. The program will also finance non-performing loan acquisitions, discounted note payoffs, and note portfolios. “We see this new product as a natural extension of our existing platform as borrowers seek to execute more value add strategies in strengthening capital market,.” said Kevin Miller, Thorofare’s CEO. “By delivering borrowers competitive terms in combination with the certainty of execution the market has come to associate with the Thorofare brand. We believe Thorofare is well positioned to capture significant market share,” Miller added. Thorofare’s pool of private capital includes institutions, discretionary money managers, family offices and high net worth individuals. About Thorofare Capital: Los Angeles-based Thorofare Capital is an alternative investment manager focusing on originating, funding, and servicing $2 million to $25 million short-term and medium-term commercial real estate loans nationwide. Thorofare is currently deploying capital through discretionary, closed-end debt funds and managed accounts to provide flexible financing nationwide to qualified borrowers. For more information, please contact: info@thorofarecapital.com or 213-873-4000. End
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