Thorofare Capital, Inc., an affiliate of investment manager Callodine Group, provided a loan to King Street Properties for the acquisition and conversion of 5825 Oberlin, a 60,518-square-foot life science building located in San Diego’s Sorrento Mesa submarket. David Perlman from Thorofare’s New York office originated the loan with colleagues Edward Prosser and Paul Kim leading underwriting and executing closing of financing.
Perlman noted that many lenders have identified life science investments as primary targets for 2023 – particularly in top five national markets – making this attractive basis financing opportunity an ideal fit for Thorofare’s strategy. He expressed excitement at beginning a relationship with King Street Properties’ premier sponsor.
