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2835 Gunnison Drive

Updated May 12, 2025

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

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

2835 Gunnison Drive

$73,400,000

Units

486

Asset Type

Development Site

Closing

Apr 24, 2025

About this deal

AI

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.

On the Map

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$73,400,000

Development Site

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Players

David Greenburg

Affinius Capital

Lender

$1.3B

vol

7 deals

Lender
Affinius Capital
Affinius CapitalLender

Columbus Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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