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Weyland Ventures is constructing NuLu Yards, a 189-unit Class A multifamily project in Louisville, KY.

$28M from Thorofare Capital Gets Weyland Ventures Started on Lousiville Community

Thorofare Capital has provided Weyland Ventures with $28 million in financing from Thorofare Capital, Inc., for the construction of NuLu Yards, a 189-unit Class A multifamily project in Louisville, KY.

David Perlman of Thorofare originated the loan, with Jacob Yi and Paul Kim leading the underwriting and executing the closing of financing. Wave Capital Partners placed the financing for this transaction.

Nulu Yards is within a larger mixed-use development in Louisville’s trendy NuLu neighborhood. The sponsor is also constructing a structured parking deck for Phase I of the development and a Tempo by Hilton located adjacent to the project.

“We believe this project will link NuLu market to the soon-to-be-named Louisville medical and education district that consists of 9.6 million square feet of occupied space for over 16,000 employees that work for most of Louisville’s leading medical and education facilities,” said Perlman.

Thorofare has closed 22 loans so far in 2022.


Inside The Story

Thorofare Capital's Perlman

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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