Larry Wass
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- Full Name
- Larry Wass
- Title
- Senior Managing Director, Financial Services
- Firm
- Newmark (Capital Markets / Debt, Equity & Structured Finance) — previously Thorofare Capital
- Firm Type
- Commercial real estate services & capital markets (Newmark); commercial real estate debt fund manager (Thorofare Capital). *Note: the provided stub classified him as an "Angel Investor," but no public evidence supports startup/seed angel activity — see Background.*
- Investment Stage
- Commercial real estate transactions — debt origination, equity/structured finance, sale-leasebacks, and net-lease investment sales (not venture/seed).
- Check Size
- At Thorofare Capital, loans are typically originated in the $15M–$100M range; Newmark capital-markets assignments vary by deal.
- Target Company Profile
- Owners, sponsors, and corporate occupiers of commercial real estate seeking debt, equity, or lease-structuring solutions.
- Sector Focus
- Commercial real estate — multiple property types (office, industrial/distribution, multifamily, and other income-producing assets); complex lease structures and sale-leasebacks.
- Geographic Focus
- United States (national), with a Southern California / West Coast base.
- Location
- Los Angeles, California (Newmark — Downtown Los Angeles office).
Background
Larry Wass is a Senior Managing Director in the Financial Services / Capital Markets group at Newmark, based in the firm's Downtown Los Angeles office. He brings more than two decades of commercial real estate experience, with a practice centered on complex lease structures, sale-leaseback transactions, and investment sales. Over his career he has held positions at Thorofare Capital, Grubb & Ellis, and Cushman & Wakefield, spanning both real estate brokerage/advisory and direct commercial real estate lending.
His association with Thorofare Capital is notable: Thorofare is a national, vertically integrated commercial real estate debt manager headquartered in Los Angeles (with offices in Newport Beach, Miami, and Dallas). The firm originates, underwrites, and asset-manages roughly $15M–$100M loans secured by a wide range of property types, and has originated more than $5.6 billion since its 2010 inception across 13+ property types in 34 states. Thorofare is an affiliate of the Boston-based Callodine Group asset-management platform.
Wass holds a Bachelor of Science in Business Administration with a concentration in international finance from the University of Southern California (1997) and maintains a California real estate broker license.
Data-accuracy note: The stub record provided for this research labeled Larry Wass as an "Angel Investor" targeting "Seed Round" startups. All verifiable public information instead describes a commercial real estate capital-markets executive. No credible source ties this Larry Wass to venture/seed-stage startup investing, so the sections below reflect his actual, documented domain (CRE finance) rather than inventing startup deals.
Investment Thesis & Focus
- Operates in commercial real estate capital markets, not venture capital — arranging and structuring capital for real estate rather than writing equity checks into technology startups.
- Core competencies: complex lease structures, sale-leaseback transactions, and investment sales (per his firm bio).
- At Thorofare Capital, the platform's stated model is direct, nationwide commercial real estate lending on transitional and stabilized assets, typically $15M–$100M per loan, across office, industrial, multifamily, retail, hospitality, and other property types.
- Emphasis on institutional-quality sponsors and income-producing assets across the U.S., with a Southern California operating base.
- No publicly stated venture/angel "what makes me say yes" thesis was found; his selection criteria are those of CRE underwriting (asset quality, sponsor strength, business plan, and loan-to-value/structure).
Notable Investments
- Sale-leaseback transactions — a stated specialty; structuring the sale of corporate-owned real estate with a simultaneous long-term leaseback to the seller/occupier.
- Net-lease / investment sales — advising on the sale of income-producing commercial properties.
- Commercial real estate debt originations (Thorofare Capital era) — participation in Thorofare's bridge/transitional lending program ($15M–$100M loans); Thorofare has originated $5.6B+ since 2010 across 34 states.
- Debt, equity & structured finance (Newmark) — arranging capital for CRE owners and sponsors through Newmark's capital-markets platform.
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