Thorofare Capital raises $164m for debt fund

Thorofare Capital, the Los Angeles–based commercial real estate loan origination and servicing company, has raised $163.6 million for Thorofare Asset Based Lending Fund V, according to a filing with the SEC. The firm did not comment on its fundraising efforts.

Thorofare Capital focuses on $3 million to $60 million financing transactions, targeting value-added and opportunistic acquisitions, recapitalizations, and distressed debt secured by transitional properties. Some of the property types include big-box retail, office, shopping centers, healthcare and hotel.

The fund’s predecessor, Thorofare Asset Based Lending Fund IV, recently held a $223.7 million final close in September. The fund is a follow-up to a similarly named predecessor, Thorofare Asset Based Lending Fund III, which raised $288.1 million in 2013.

Last month, Thorofare Capital provided $