Thorofare Capital funds Orlando Four Points acquisition

Thorofare Capital funded the acquisition of the Four Points by Sheraton Orlando Studio City. 

The 301-room full-service hotel is located on International Drive in Orlando, and was sold by a New York-based asset-management firm who previously bought the defaulted CMBS note in a large pool and subsequently foreclosed on the prior owner.

The non-recourse, fixed-rate bridge loan was sized to 80 percent of the purchase price. The $12 million "unitranche" loan was funded through Thorofare’s situations lending fund, with Thorofare retaining the senior tranche and the junior position funded by separately managed accounts.

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Thorofare has funded transactions in excess of $500 million across 26 states since 2011.

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