Affinius Capital announced that it has originated a $73.4 million loan to finance the ground-up development of Rockpointe at Quarry Trails, an eight-building, class A, multifamily property in Columbus, Ohio, featuring 486 garden-style apartments. The loan was made to Thrive Companies, a Columbus-based developer, owner, and operator of commercial real estate assets.
This multifamily project will be the fourth phase of the Quarry Trails mixed-use development, which Thrive owns. Affinius Capital previously provided a bridge loan for the first phase of the master plan.
“We value our continuing relationship with Thrive Companies through this new collaboration in Columbus,” said David Greenburg, managing director at Affinius Capital. “Quarry Trails is an exceptional development, well positioned to attract residents in the growing Columbus market who will benefit from the neighborhood’s desirable location and recreational offerings.”
The apartments will featu
