Thrive Cos. Lands Financing for Ohio Adaptive Reuse

  • April 6, 2021
  • Multi-Housing News

Thrive Cos. has received $55.5 million in construction and permanent financing for development of the first phase of Quarry Trails Apartments and Quarry Trails Townhomes and Flats, a 293-unit multifamily and 100-unit townhome mixed-use project located within a decommissioned quarry in Columbus, Ohio. 

Walker & Dunlop arranged the package which was described as having a competitive three-year construction and semi-permanent financing term and a five-year financing term, respectively. Managing Directors Jeff Morris and Chad Kiner and Director A.J. Mangan of Walker & Dunlop’s Ohio Capital Markets group arranged the financing.

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