Thorofare expands debt platform partnership with DoubleLine, will offer senior loans up to USD 100m - Debtwire

Thorofare expands debt platform partnership with DoubleLine, will offer senior loans up to USD 100m

07 July 2022 - 09:04 am UTC

Alternative lender and servicer Thorofare Capital will expand its partnership with investment manager DoubleLine Capital LP and create a new platform to fund senior whole loans up to USD 100m, according to Bruce Beck, a spokesman for Thorofare.

 

A new capital infusion of an undisclosed sum will allow Thorofare and DoubleLine, who have partnered before on an opportunistic lending and note-buying platform, to lend up to USD 1bn via the direct origination platform “taking into account the use of leverage,” Beck said.

 

In 2015, the two firms announced a bridge-lending partnership, which made whole loans for acquisition and refinance up to USD 20m with terms of two to five years, bought B-pieces and financed note and note portfolio acquisitions.

 

by Guelda Voien