Thorofare Capital Funds $23,800,000 Acquisition Loan for Beverly Hills Portfolio

2020 APR 06 (NewsRx) — By a News Reporter-Staff News Editor at Mergers & Acquisitions Daily News — “JLL contacted us over the weekend after learning that a previous lender was unable to proceed. We mobilized to close this transaction in seven business days, based on the attractive location of the real estate, the experienced sponsorship and financing metrics,” said Felix Gutnikov, Thorofare’s head of originations.

“Our broker, borrower and counter-party relationships have held us in high regard due to our consistency over the past decade. We set a goal to continue delivering on our promises across market cycles and even at times of market uncertainty,” added Edward Prosser, the firm’s managing director of credit.

With the January 2020 opening of its New York office, Thorofare will continue to source, underwrite, fund and asset manage commercial real estate bridge loans across the nation, with sights on secondary markets such as Denver, Seattle, Portland, Phoenix, Dallas, San Antonio, Austin, Atlanta, Charlotte, Sacramento and Las Vegas. A focus in 2020 is expected to encompass more investors buying non-performing first mortgages. Thorofare sees an uptick in distressed debt acquisitions on the horizon that will be capitalized through its opportunistic strategy which offers swift, structured and reliable non-performing loan (NPL) acquisition financing to those investors. About Thorofare Capital Thorofare Capital, Inc. (www.thorofarecapital.com) is a national, vertically integrated commercial real estate debt fund manager. The Los Angeles-based firm focuses on $7.5 million to $100 million financing transactions, targeting value-add and opportunistic acquisitions, recapitalizations, and distressed debt secured by transitional properties. Its affiliate, Thorofare LLC, is a registered investment adviser specializing in alternative fixed-income opportunities through US commercial real estate debt investments. With a national presence, Thorofare has originated more than $2.25 billion since firm inception in 2010, across 10+ property types throughout 30 states. View source version on businesswire.com: https://www.businesswire.com/news/home/20200325005162/en/

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