Thorofare Capital, Inc. provided $28 million in financing to Weyland Ventures for the construction of NuLu Yards, a 189-unit Class-A multifamily project within a larger mixed-use development in the NuLu neighborhood of Louisville, Kentucky.
The sponsor is also developing the first Tempo by Hilton adjacent to the project and a structured parking deck for Phase I of this mixed-use development.
David Perlman, managing director and head of Thorofare’s New York office, originated the loan with Jacob Yi and Paul Kim leading the underwriting and executing the closing of financing.
This is the 22nd loan Thorofare closed in 2022. Last year, Thorofare closed more than $800 million in financing and is currently on pace to exceed that by the end of the third quarter.
Wave Capital Partners placed the financing for this transaction.
