G.S. Wilcox & Co. is pleased to announce that it has arranged $60 million in financing for Print House, a 271-unit luxury apartment building in Hackensack, New Jersey. The 10-year term loan was arranged by President Gretchen Wilcox and Principals David Fryer and Al Raymond for the partnership made up of Russo Development, Hampshire Management and Fourth Edition Inc.
The Project features 271 market-rate, luxury rental units including a mix of studio (12%), one-bedroom (51%), and two-bedroom (37%) units. Each apartment features a mix of contemporary style and modern, sleek design offering and every convenience.
The resort-like amenity package is complete with a swimming pool and sun deck; state-of-the-art fitness center with yoga studio and Fitness on Demand; gorgeous clubroom with fireplace seating area, multiple TVs, various game stations, billiards, a bar area, and an oversized dining table; a private conference room; private dog walk; and direct access to the brand-new Riverwalk along the Hackensack River.
The Subject represents the first residential phase of a multi-phase development totaling nearly 20-acres along the Hackensack River at the site of the of historic Daily Record Property.
“These luxury apartments are a great addition to Hackensack and we are thrilled to be able to assist our clients in financing their vision for Hackensack’s urban renewal,” said Wilcox in a prepared statement.
G.S. Wilcox & Co. is a leader in the commercial real estate investment banking industry by providing debt and equity solutions to developers, real estate private equity firms, institutional investors, and other owners of commercial real estate. G.S. Wilcox & Co. was founded by Gretchen S. Wilcox in 1994 and remains the only female-founded commercial real estate mortgage banking firm in the United States.