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Thrive Cos. Lands Financing for Ohio Adaptive Reuse

Thrive Cos. Lands Financing for Ohio Adaptive Reuse
Walker & Dunlop arranged the loans for a mixed-use project being built on the site of a former quarry in Columbus.
Apr062021
Image courtesy of Thrive Cos.
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. Phase I of the adaptive reuse project will also include an office building, 20,000 square feet of retail and a community center.
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 ....

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Walker & Dunlop Arranges $56 Million Financing for Development of Quarry Trails, a Unique Adaptive Reuse Project in Columbus, OH

Walker & Dunlop Arranges $56 Million Financing for Development of Quarry Trails, a Unique Adaptive Reuse Project in Columbus, OH
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$55,500,000 in construction and permanent financing for Thrive Companies development of
Quarry Trails Apartments and Quarry Trails Townhomes and Flats, a 293-unit multifamily and 100-unit townhome project located within a decommissioned quarry in Columbus, Ohio.
Quarry Trails Apartments and Quarry Trails Townhomes and Flats
Through a partnership with the Columbus and Franklin County Metro Parks, the development is positioned within a natural park, and rests alongside a 60-foot waterfall, 160-foot vertical rock face, and over two miles of river front trails – all highly visible within the burgeoning city of Columbus. ....

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Walker & Dunlop : Arranges $56 Million Financing for Development of Quarry Trails, a Unique Adaptive Reuse Project in Columbus, OH

Walker & Dunlop : Arranges $56 Million Financing for Development of Quarry Trails, a Unique Adaptive Reuse Project in Columbus, OH
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