Thorofare Capital is an investment management firm that was formed in 2010 that, in December, 2021, sold a majority stake to Callodine Group. Thorofare Capital manages investments over $1.2B in AUM on behalf of third-party investors seeking exposure to real estate strategies with a primary focus on senior loan originations within the United States. Thorofare is an asset manager that utilizes a data-driven, analytical debt approach to identify macro trends with a focus on maximizing risk-adjusted investor returns. Thorofare’s investment team is long tenured with in-house expertise in originations, capital markets, development, and asset management capabilities.

Callodine Group is an asset management platform specializing in yield-oriented investment strategies. The firm has the ability to invest across the capital structure in multiple asset classes and pursues income-oriented investments that provide high cash yields with the potential for equity-like upside. Callodine’s asset management subsidiaries target investment strategies across public equities, private credit and real estate on behalf of its investor clients. 

Job Description

• Thorofare is seeking an Associate to join its originations team. Thorofare is also seeking other roles including Asset Management candidates (Miami office) and investor relation candidates (LA, NY, or Miami offices).
• The position will be based in Thorofare’s NYC office.

Job Responsibilities, include but are not limited to:

• Assist in all aspects of the deal origination process, including preparing financial models, structuring, term sheet and loan document negotiation, due diligence, and closing of investments.
• Working directly with Managing Directors to develop and maintain relationships with existing and new borrowers, brokers, & other sources of loan origination and other investment opportunities.
• Assist in the due diligence process, including presenting investment opportunities to Thorofare’s Investment Committee for approval.
• Coordinate and review third property reports including appraisals, environmental and property conditions reports, among others.
• Research and analyze macro-economic data. Research and analyze real estate market data (supply and demand, rental and occupancy). Monitor news feeds and disseminate news relating to real estate industry.
• Review leases and compare data sources. Assist our asset management team on process improvements.
• Perform property tours across country of prospective or active investment and new business travel as required
• Complete ad-hoc assigned tasked as instructed by team head from time to time.

Job Requirements:

• Candidates should have a degree in Real Estate, Business, Finance, Economics, or its equivalent with a minimum of 3 years of work experience, preferably with exposure to the four major property types (office, retail, apartment & industrial) as well as experience with other asset classes such as hotel, storage, healthcare, etc. Construction financing experience a plus.
• Candidates should demonstrate an interest in both the financial and operational aspects of real estate.
• Strong Microsoft Office skills, with a focus on Excel, knowledge of Argus Software a plus.
• Exceptional organizational skills and ability to multi-task & problem-solve.
• Exposure to legal documentation and due diligence in a transactional environment a plus
• Ability to work on multiple transactions at a time in a fast paced, deadline-driven and entrepreneurial work environment.
• Candidates should be team players, possess a high level of initiative and be able to work independently in a fast-paced environment.