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.