22C— December 28, 2018 - January 10, 2019 — The Year in Review 2018 — M id A tlantic
Real Estate Journal
www.marejournal.com
Mericle is constructing record-breaking industrial spec building Berkadia secures $52 million in financing for multifamily property in New Jersey Abod & Carey of the HFF debt placement team represent bor- rower in $104 million financing D2 Capital Advisors secures $70M Bridge financing to help complete Eric Blumenfeld’s Vision for the North Broad Street Corridor in Phila. Rittenhouse Appraisals assists GSA in disposition of a former military installation in Oldmans Twp., NJ The Severn Companies partner with Enterprise Community Investment on Catonsville Community KLNB’s Georgelakos & Levin rep. Foulger-Pratt in 12,392 s/f lease Progress Capital’s Domenico negotiates $51M in financing Diversifying with Donuts: Redwood Realty facilitates 1031 Exchange NAI Hanson’s Schilp and Schorr arrange sale of 224-acres Irving of Bussel Realty completes purchase industrial build- ing at 72 Woolsey St. in Irvington, New Jersey Ralph Lauren makes full-building commitment at PrismCapi- tal Partners’ ON3 Matthew S. Hurley receives the Roy S. F. Angle award for 2018 Business Person of the Year High Construction awarded $12m contract to build a Home2 Suites by Hilton in Glen Mills SEPTEMBER 14 – 27, 2018
Year in Review 2018
Josh Krantz L ee & A ssociates
John Cognetti H inerfeld C omm ’ l . R eal E state
Derek Dissinger B arley S nyder
Eric Heller L ee & A ssociates
Michael Schipper T he B lau & B erg C ompany
Daniel Katz K atz P roperties
Leonard Green T he G reen G roup
Mitchell Berkey C hiesa S hahinian & G iantomasi PC
Multi-Strategy Debt Platform
Max Beyderman M eridian C apital G roup
Institutional Loans Core+
Intermediate-Term Whole Loans Value-add
Short-Term Bridge Loans Opportunistic
LOAN AMOUNTS $15MM to $75MM
LOAN AMOUNTS $10MM to $40MM
LOAN AMOUNTS $5MM to $40MM
TERM (YEARS) 3+1+1 or 4+1
TERM (YEARS) 2+1 or 2+1+1 or 3+1+1
TERM (YEARS) 1 + 6-Months or 1 + 1
Phil Stiller H olt C onstruction
INTEREST RATES 1-Month LIBOR + 290-350bps
INTEREST RATES 1-Month LIBOR + 325-500bps
INTEREST RATES 1-Month LIBOR + 575-700bps
DESCRIPTION Larger loan sizes for institutional-quality properties with near-stabilized cash flow profiles
DESCRIPTION Floating rate whole loans for experienced sponsors acquiring or recapitalizing transitional properties through future-funded CapEx, TIs and LCs
DESCRIPTION Special situations, quick-closings, NPL/REO auction acquisitions, DPOs or "heavy-lift" CapEx projects
RECENT TRANSACTIONS
Elie Rieder C astle L anterra P roperties
$28,539,229 ACQUISITION Office + Retail | Los Angeles, CA
$13,000,000 ACQUISITION Retail | Chicago, IL
$35,800,000 REFINANCE Office | Dallas, TX
$17,000,000 REFINANCE Hospitality | Miami, FL
WWW.THOROFARECAPITAL.COM | 213.873.4000 | DEALS@THOROFARECAPITAL.COM
Thorofare Capital LLC – Loans made pursuant to California Finance Lender License. Thorofare Capital, Inc. – Real Estate Broker – CA Department of Real Estate – License #01891676. This communication is for informational purposes only and intended for our non-advisory loan origination and servicing clients only. As such, nothing herein is an offer or solicitation for the purchase or sale of any security.
Neil Owens E.B. C ohen
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