G.S. Wilcox & Co., a prominent Morristown-based commercial real estate investment banking firm, announced that it has successfully arranged $20 million in permanent financing for a new 102-unit apartment community in Hatboro, Pennsylvania.
The financing, which utilized a forward commitment to secure a highly attractive interest rate, was managed by the firm’s leadership team: President and Founder Gretchen Wilcox and Partner Bridget Wilcox. The debt was sourced through one of the firm’s correspondent life insurance company partners.
The newly completed residential project features a diverse mix of studio, one-, and two-bedroom units. Designed with modern lifestyle needs in mind, the property offers proximity to the SEPTA Regional Rail at the Hatboro station and includes a substantial amenity package. Residents have access to a fitness center, a “Bark Park,” a private tasting room, and 4,732 square feet of ground-floor retail space.
“We are pleased to see the completion of this transaction on behalf of our long-term repeat client,” Bridget Wilcox said. “We were able to lock in a very attractive long-term rate while the project was still under construction through a six-month forward commitment, with funding occurring upon receipt of the TCO (Temporary Certificate of Occupancy).”
G.S. Wilcox & Co. continues to maintain a significant footprint in the commercial real estate sector. Founded by Gretchen S. Wilcox in 1994, the firm remains the only female-founded commercial real estate mortgage banking firm in the United States.
