Thorofare Capital (Los Angeles) - Anyone work with these guys?
Hey guys,
New here. Semi-lurker. Finally made account. I was wondering if anyone has worked with Thorofare Capital? Looking for some color on them. I am preparing a list of debt groups in the greater LA area that I want to begin networking with and reaching out to for internships next year. I've browsed linked in and it looks they have hired interns in the past for both summers and off-cycle/spring.
I've already checked the search function (didn't find anything) and taken a look at their website. From what I see on the surface they're a MM debt fund–they deployed roughly $1bn in capital since they started in 2010. "The firm focuses on $3,000,000 to $40,000,000 financing transactions, targeting value-add and opportunistic acquisitions, recapitalizations, and distressed debt secured by transitional properties."
Looks like they have to buckets of capital:
1) High Yield/Bridge (Fixed Rate) - $300M raised in fund IV 2) Short Term Floating Rate - $400M raised for this strategy
Does anyone have an experience working with them? What's their reputation like in the CRE community? How do they stack up to a group like Mesa West? What is comp/hours like at a fund like this for entry-level analyst roles? What happens with groups like this during downturns? Do they remain active?
I appreciate any information any of you guys out there have. Thanks.
-A
I'm curious as well. Bump.
Great group with good deal flow. They know how to get deals done. Felix is the fucking man.
Have heard great things, heard same about Felix. Haven't done a deal with them.
Huge deal flow......and they're a super young company. Does anyone know what the hours are like at a place like this?
They're based in LA so...
To your point, probably not as bad as NY but I know a lot of people in LA and there are a few shops that work just as much as NY, many shops that work just a bit less, and a few shops that work 40 hour weeks. like a bell curve
I met the ceo. They are a hard money lender, basically half a step above your factoring guys. As a more institutional type, I've always looked down on the hard money dudes and I thought the ceo was a total dbag. Then again, the ceo was flying in a private jet and I drive an '05 honda accord.
Hard money? What's makes them any different from a Mesa West or ACORE?
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