Felix Gutnikov: “Some of the newer platforms, coming into the market, are underwriting very aggressively because they want to quickly gain market share.” Felix Gutnikov: “Some of the newer platforms, coming into the market, are underwriting very aggressively because they want to quickly gain market share.”

LOS ANGELES—Thorofare Capital has originated $54 million in bridge financing through its Thorofare Asset Based Lending Fund IV. The fund launched at the end of October 2015, and is already ahead of schedule. According to Felix Gutnikov, EVP of origination at Thorofare Capital, the fund is excepted to hit $300 million, and with leverage, will have $450 million of buying power.

“We are definitely ahead of schedule. In the predecessor fund, we did half of this amount right out of the gate, so this is a very strong start,” Gutnikov tells GlobeSt.com. “We have some momentum because we were actively deploying capital in the third fund and the tail end of the Q4 2015 pipeline trickled into fund four. We think the pipeline will remain pretty full and we should be hitting out volume goal. We aren't going to overdo it.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.