Thrive Companies Secures $73.4M Construction Loan From Affinius Capital For Rockpointe Development In Columbus

The asset involved in this transaction is a development site located at 2835 Gunnison Drive in Columbus, OH. The site is part of a larger project known as Rockpointe at Quarry Trails, which encompasses a total of 1,045 apartments, 600 homes, and over 50,000 square feet of office and retail space. The loan amount secured for the fourth phase of the multifamily project is $73,400,000 intended for construction purposes.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $73,400,000
• Lender: David Greenburg - Affinius Capital
• Landlord: Mark Wagenbrenner & Kevin Zeppernick - Thrive Companies

This transaction highlights the collaboration between key figures in the industry, including David Greenburg from Affinius Capital, who facilitated the construction loan, and the representatives from Thrive Companies, Mark Wagenbrenner and Kevin Zeppernick, who are driving the development of the Rockpointe project as part of an extensive 85-acre plan.