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MEMPHIS, TENN. — Thorofare Capital Inc. has closed a $3.3 million senior bridge loan to refinance The Clarion Hotel Airport/Graceland Area in Memphis. The 245-room, four-story hotel is located at 1471 E. Brooks Road. The hotel features two restaurants and two bars. The borrower, Cedar Street Co., is using proceeds from the loan to retire a portion of a mezzanine portfolio loan used for several of its assets. In 2011-2012, Cedar Street associated the hotel with Choice Hotels International under the Clarion brand and implemented a $3.5 million renovation.