Toro Development Company (TDC), a mixed-use real estate firm led by Mark Toro, announced today it has secured financing for Medley, the $560 million, 43-acre mixed-use community coming to Johns Creek, an affluent suburb of Atlanta. The milestone paves the way for Medley’s groundbreaking in December, with an anticipated opening in late 2026.
The noteworthy deal includes an equity investment from Ascentris, a Denver-based real estate private equity firm, and a $158 million construction loan from Banco Inbursa, out of Mexico City, for the first phase.
TDC is one of the first movers to finance a large-scale, ground-up project this year as the commercial real estate industry faces a recession brought on by high borrowing costs and seismic shifts in real estate following the pandemic…