Thrive Finance Dashboard

Financing pipeline, closed transactions and lender activity · data as of September 1, 2026
2026 Completed
$261.5MM
closed year to date
2026 Pipeline
$341.5MM
17 transactions
Total 2026 Activity
$603.0MM
completed plus pipeline
Pipeline Units
889
apartments in pipeline
Since 2020
$2,226.0MM
total financing and sales

Annual Financing Volume

Total closings by year, 2020–2026

Includes loans, bonds, equity and sales. 2026 reflects closed transactions only.

$652.4MM$489.3MM$326.2MM$163.1MM$02020: $172.7MM$172.7MM20202021: $356.1MM$356.1MM20212022: $293.6MM$293.6MM20222023: $222.0MM$222.0MM20232024: $267.8MM$267.8MM20242025: $652.4MM$652.4MM20252026: $261.5MM$261.5MM2026

Financing Pipeline

ProjectAmountDateType UnitsStatus
QT TH & Flats Phase 3$9,500,00009/15/26ConstructionKish Bank, working through appraisal and closing.
QT Homes$29,300,00010/01/26ExtensionWorking through extension/increase with Pathways - $6MM for revolver and $5MM for A&D
MCC A&D Extension$5,000,00010/01/26ExtensionWorking through extension with Pathways
Thrive Const Line Ext$15,000,00010/15/26Line of CreditWorking through more formal extension for the construction line
JP10 Apts$26,900,00010/01/26Construction126Should finalize lender this week (CF Bank, Key Bank, LCNB, First Financial)
WestBend - Phase 1$69,000,00010/01/26Construction463Working through closing process with Simmons Bank
WestBend - Pref Equity$17,000,00010/01/26Pref EquityWorking through closing process with Fidelity
WestBend - Equity$2,600,00010/01/26LP EquityNeed $2.6MM from friends and family
JP Bonds$11,500,00011/01/26BondsNeed bond financing for JP cost overruns, JP resizing needs, and potentially JP10
QT North Loan Refi$2,000,00011/01/26A&DExtended the current loan for 90 days through first week of December
Trace Quarter Refi$34,400,00011/01/26ExtensionNeed to extend or refinance the loan
MooMoo Financing$2,000,00012/01/26PermPerm finance MooMoo gr lease - tenant may be open as early as December
JP9 Patent Refi$42,560,00012/15/26ExtensionNeed to extend or refinance the loan
GP5 Rice Paddy$8,416,00012/15/26ExtensionNeed to extend or refinance the loan
GVX - County Engineer$55,000,00002/01/27Construction300Working through zoning needs, site design, and prepping for Jan start
GVX - Building A Retail$3,350,00003/01/27ConstructionWaiting for another retail lease for the balance of 3,923sf in bldg B
WestBend - Phase 2$8,000,00002/15/27A&DWright-Patt has interest in another land loan after Phase I gets paid off
Total$341,526,000 889

2026 Transactions by Type

Completed versus pipeline

Completed Pipeline
$235.8MM$176.8MM$117.9MM$58.9MM$0Bonds: $0Bonds: $11.5MMBondsA&D: $8.9MMA&D: $10.0MMA&DConstruction: $0Construction: $163.8MMConstructionExtension: $235.8MMExtension: $119.7MMExtensionBridge: $14.9MMBridge: $0BridgeLine of Credit: $0Line of Credit: $15.0MMLine of CreditPerm: $0Perm: $2.0MMPermPref Equity: $0Pref Equity: $17.0MMPref EquityLP Equity: $0LP Equity: $2.6MMLP EquitySale: $2.0MMSale: $0Sale
TypeCompletedPipeline Total
Bonds$11,500,000$11,500,000
A&D$8,870,000$10,000,000$18,870,000
Construction$163,750,000$163,750,000
Extension$235,766,000$119,676,000$355,442,000
Bridge$14,900,000$14,900,000
Line of Credit$15,000,000$15,000,000
Perm$2,000,000$2,000,000
Pref Equity$17,000,000$17,000,000
LP Equity$2,600,000$2,600,000
Sale$1,963,000$1,963,000
Total$261,499,000 $341,526,000$603,025,000

Apartment Unit Delivery

Apartment starts by year

Units started, 2020 through 2026. Total 3,383.

1,12184156028002020: 60360320202021: 96896820212022: 69169120222023: 020232024: 020242025: 1,1211,12120252026 - Closed: 02026 - Closed

Future pipeline units by year

Planned unit deliveries, 2026 through 2033. Total 3,613.

88966744422202026: 88988920262027: 51551520272028: 45945920282029: 75075020292030: 50050020302031: 020312032: 25025020322033: 2502502033
Apt StartsUnits
2020603
2021968
2022691
20230
20240
20251,121
2026 - Closed0
Total3,383
Future PipelineUnits
2026889
2027515
2028459
2029750
2030500
20310
2032250
2033250
Total3,613

Lender Activity

Top 8 lender relationships by cumulative volume, 2020–2026

Lead lender basis. Loan amounts may include participants.

AffiniusAffinius: $402.3MM$402.3MMWright-PattWright-Patt: $235.1MM$235.1MMSaleSale: $220.1MM$220.1MMKey BankKey Bank: $181.4MM$181.4MMAcresAcres: $144.5MM$144.5MMFC BankFC Bank: $107.4MM$107.4MMFNBFNB: $104.5MM$104.5MMHuntington BankHuntington Bank: $104.2MM$104.2MM
LenderRelationship 2020202120222023202420252026Total
FC BankJon Wood$18,870,000$38,075,000$18,870,000$31,600,000$107,415,000
Huntington BankKelly Sousa$51,900,000$52,300,000$104,200,000
Kish BankGary Wimer$20,023,000$2,800,000$8,500,000$20,023,000$34,823,000$6,350,000$92,519,000
First Financial BankKevin Grey$7,669,574$7,669,574
Wright-PattScott Karr$18,000,000$32,500,000$49,060,000$6,000,000$52,514,083$34,500,000$42,560,000$235,134,083
Mutual FederalJohn Evans$9,160,000$4,900,000$14,060,000
CF BankDan Ludwig$11,008,000$8,418,000$8,421,168$27,847,168
First Bank of Central OhioJohn Smiley$1,590,000$1,590,000$3,180,000
Key BankPete Schmitt$61,800,000$59,000,000$60,600,000$181,400,000
LCNBTim Norris$16,314,880$9,416,000$11,146,642$8,416,000$45,293,522
Heartland BankLisa Tsen$14,000,000$1,911,000$15,911,000
FNBJustin Doran$104,500,000$104,500,000
CBSLeslie Biskner$22,300,000$22,300,000
PathwaysGreg Kidwell$11,700,000$12,772,500$24,472,500
First CommonwealthBill Kuhar$21,688,454$39,500,000$20,000,000$81,188,454
Ohio State BankDave Mallett$2,000,000$2,000,000
Premier Bank$2,670,000$2,670,000
Associated BankRon Murphy$47,000,000$48,125,000$95,125,000
Peoples BankKevin Connors$41,500,000$42,945,000$84,445,000
Riverside BankTravis Sanders$2,520,000$2,520,000
AffiniusDavid Greenburg$165,700,000$73,360,000$163,200,000$402,260,000
AcresEllison Quijano$144,500,000$144,500,000
LumentRyan Duling$53,100,000$53,100,000
VirtusKevin White$26,100,000$26,100,000
Investors$19,610,291$19,610,291
OEBF Bonds$11,000,000$13,998,453$24,998,453
Port Authority Bonds$12,100,000$16,185,000$7,405,000$35,690,000
Washington Federal$8,080,000$8,080,000
Cuyahoga River Capital$14,900,000$14,900,000
Sub Bonds$6,750,000$6,130,000$10,000,000$22,880,000
Sale$56,194,026$55,775,493$8,138,592$98,000,000$1,963,000$220,071,111
Total $172,738,454$356,064,480$293,574,946$221,962,092$267,801,725$652,399,459$261,499,000 $2,226,040,156

* Lenders listed are the lead lender - loan amounts may include participants