G.S. Wilcox & Co. is pleased to announce that it has completed $90 million in permanent
financing for a 309-unit luxury apartment community in Union, New Jersey. The financing,
arranged by Gretchen Wilcox, President, and David Fryer, Principal, was secured on a 7-year
term. The project, known as Sol at Vermella Union, is the final phase of Vermella Union
constructed by Russo Development. This financing marks G.S. Wilcox & Co.’s third on this
campus.
These high-end rental apartment homes are comprised of thoughtfully designed studios, one, two, and three-bedroom homes including gourmet kitchens, in-home washers and dryers and spacious walk-in closets. Amenities include a resort-style clubhouse, high-end fitness center, children’s playroom, outdoor lounges with hotel-style swimming pool, grills, firepits and expansive rooftop terrace. “G.S. Wilcox & Co. is grateful to have financed another portion of this exceptional campus. Competitive financing remains available for strong sponsors such as Russo Development,” said Wilcox and Fryer 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.
