Thorofare CapitalView All Tags
Thorofare Capital Originates $24.77M in Multifamily Bridge Loans
The financing is designated for two class B communities in Texas and Florida.
LA Investor Finds Distressed Opportunity
Las Vegas is still offering up some opportunities in distressed apartments.
Thorofare Capital-Arranged Loan Leads to Sale of Final Condo Units at The Martin
Thorofare Capital, an alternative investment platform, recently announced that it had provided a $4 million short-term loan to finance the acquisition of a condo unit portfolio at The Martin. The sponsor will use the financing to acquire the final units under the ownership of the tower’s developer, and then focus on selling the condos to foreign investors. KCD Martin is buying the units from New York-based iStar Financial.
ARA completes a 205-unit sale in Charlotte; The Bascom Group acquires a 336-unit community in Las Vegas; and Thorofare Capital funds a $8.2 million non-recourse loan.National 23 September 2013 18:16