Thorofare Capital Provides Bridge Loan To Refi Sheraton

SAN DIEGO-GlobeSt.com has exclusively learned that Thorofare Capital Inc. has provided an $8.55 million senior bridge loan to refinance the Four Points by Sheraton San Diego, an affiliate property of Starwood Hotels and Resorts franchise. The loan was utilized to pay off an existing mortgage, which was acquired from a regional bank in a loan-portfolio transaction involving Deutsche Bank.

The property is a 225-room, full-service hotel located at the border of the Kearny Mesa and Mission Valley areas of San Diego, proximate to the Interstate 8 Freeway. It has been improved with 10,842 square feet of meeting space, a business center, outdoor swimming pool, fitness center, restaurant, lounge, coffee bar, gift shop and a nine-hole executive golf course.