
DoubleLine, Thorofare Expand Bridge Loan Program
Los Angeles-based Thorofare Capital Inc. is expanding its strategic partnership with DoubleLine Capital LP, after receiving an additional capital allocation for a new commercial real estate lending program that will fund senior whole loans up to $100 million.
DoubleLine’s Morris Chen says, “Since the first loan origination under our strategic partnership with Thorofare Capital’s best-in-class origination platform, we have successfully funded $400 million of loans.”
In 2015, Thorofare formed a strategic partnership with DoubleLine to act as exclusive originator for CRE bridge loans. Those loans were acquired by the DoubleLine Opportunistic CRE Debt Strategy. The growth of the DoubleLine program expands Thorofare’s direct origination platform to include financings of up to $100 million with a potential total lending capacity of more than $1 billion.
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- ◦Financing