Thorofare Capital is a private equity fund management firm which specializes in short-term, first mortgage financing for all commercial property types...including hotels, shopping centers, self-storage, multi-family and others. We are a direct, balance sheet lender with discretionary capital for investment.
We can analyze, underwrite, structure and close transactions in as little as five business days. Our average turnaround is about 10 business days. Minimum transaction size is $1 million and maximum capacity per transaction is $25 million.
Size: $1M to $25M Location: United States only Max. LTV: 68% (Can go to 85% with B-piece) Max. LTC: 90% Recourse: No, with cashflow lockbox provisions Term: 1-3 years Interest Rate: 8.95% - 12.5% fixed, interest-only Loan Origination Fee: 1.95% - 2.95%