Thorofare Capital, a national commercial real estate debt manager and affiliate of Callodine Group, has closed on two floating-rate senior mortgage loans totaling $74.23 million in Southern California. The financings include an industrial manufacturing and distribution refinancing in Anaheim and an office-to-multifamily conversion in Los Angeles’ Mid-Wilshire submarket.
The Thorofare Capital team involved in originating these financing transactions include director Paul Hachigian, managing director Jacob Yi and head of credit Eddie Prosser. The closings build on Thorofare’s nearly $700 million in 2025 transactional activity.
In the larger of the two transactions, Thorofare closed a $52,230,000 floating-rate senior mortgage loan to refinance an industrial manufacturing and distribution property in Anaheim. The financing supports two Class B industrial buildings totaling 198,807 square feet in an infill Orange County location. Tokyu Land US Corporation’s Structured Finance platform participated alongside Thorofare Capital.
Thorofare also provided a $22,000,000 floating-rate senior mortgage loan to refinance The Harbor Building, a six-story, 259,484-square-foot building located at 4201 Wilshire Blvd. Originally constructed in 1958 and renovated in 1990, the property is positioned for conversion from office to multifamily use.
“These transactions demonstrate our ability to structure flexible capital solutions for sponsors executing complex business plans,” said Kevin Miller, CEO of Thorofare. “We continue to see compelling opportunities across infill industrial and adaptive reuse projects where disciplined underwriting and local market expertise are critical.”
