Thorofare Provides $46M Senior Mortgage for Tulare Warehouse

Thorofare Capital, a national commercial real estate debt manager and affiliate of Callodine Group, provided a $46,000,000 floating-rate, interest-only senior mortgage loan to refinance and fund the lease-up of 99 Central Logistics Center, a 554,077-square-foot Class A industrial warehouse and distribution facility completed in 2024 and located in Tulare. The Thorofare Capital team involved in originating this financing transaction included Andrew Kim, originations director, Southwest & Midwest, and Jacob Yi, managing director of credit.

“This transaction reflects our conviction in best-in-class industrial logistics assets positioned to serve the growing distribution demands of California’s Central Valley,” said Kevin Miller, CEO of Thorofare. “We continue to identify compelling opportunities to support experienced sponsors with flexible capital solutions across supply-constrained, high-throughput logistics markets.”

The closing builds on Thorofare’s nearly $700 million in 2025 transactional activity and underscores the firm’s continued focus on transitional and value-add opportunities across key industrial markets nationwide.