LOS ANGELES—Thorofare Capital has reached a major milestone. This year, the lender hit $1 billion in debt deployed, thanks to a substantial year and fourth quarter. The dual-vehicle platform lends on opportunistic deals across asset classes nationwide. While Thorofare's success can no doubt be attributed to the firm's quality platform, it also says a lot about where capital flows in times of volatility.
“Due to the unlevered nature of our balance sheet and portfolio lending operation, during times of volatility we are going to step in and provide borrowers with certainty that they may not get elsewhere,” Kevin Miller, CEO of Thorofare Capital, tells GlobeSt.com. “If there is continued volatility as rates rise and as banks try to figure out what they are allowed to be, that is volatility that we intend to take advantage of in order to capture market share in the lending world.”
While the firm hasn't set volume goals for 2017 yet—or at least not anything they were willing to announce—Miller expects next year to be equally as robust. “We were at full pipeline in quarter two and we kept that up through quarter three. We also had a couple of pieces fall into place,” he explains. “We are very excited about the deals that we have been closing and the quality of those transactions. We are really looking forward to keeping it up in 2017.”
Hitting this significant milestone has been a long-term goal for the firm, and Miller says that the completion of this goal is evidence that the firm is on track with its loan products. “Over the last six years, we have been able to consistently find debt solutions for our clients,” he adds. “We've been able to do a good job raising equity capital and producing risk-adjusted returns for our investors.”
LOS ANGELES—Thorofare Capital has reached a major milestone. This year, the lender hit $1 billion in debt deployed, thanks to a substantial year and fourth quarter. The dual-vehicle platform lends on opportunistic deals across asset classes nationwide. While Thorofare's success can no doubt be attributed to the firm's quality platform, it also says a lot about where capital flows in times of volatility.
“Due to the unlevered nature of our balance sheet and portfolio lending operation, during times of volatility we are going to step in and provide borrowers with certainty that they may not get elsewhere,” Kevin Miller, CEO of Thorofare Capital, tells GlobeSt.com. “If there is continued volatility as rates rise and as banks try to figure out what they are allowed to be, that is volatility that we intend to take advantage of in order to capture market share in the lending world.”
While the firm hasn't set volume goals for 2017 yet—or at least not anything they were willing to announce—Miller expects next year to be equally as robust. “We were at full pipeline in quarter two and we kept that up through quarter three. We also had a couple of pieces fall into place,” he explains. “We are very excited about the deals that we have been closing and the quality of those transactions. We are really looking forward to keeping it up in 2017.”
Hitting this significant milestone has been a long-term goal for the firm, and Miller says that the completion of this goal is evidence that the firm is on track with its loan products. “Over the last six years, we have been able to consistently find debt solutions for our clients,” he adds. “We've been able to do a good job raising equity capital and producing risk-adjusted returns for our investors.”
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