Morristown-based G.S. Wilcox & Co. has arranged a $43.4 million loan to finance a new apartment complex in New York state, the firm announced recently.
G.S. Wilcox arranged the loan from an insurance company for the developer of a 270-unit complex in New Windsor, New York. It follows the $31.25 million financing of a 160-unit complex also in the Orange County region, which was arranged by Wilcox in late 2016 involving the same developer and lender.
The garden-style apartment community in the latest transaction features one- and two-bedroom units with private balconies and other amenities.
G.S. Wilcox & Co. specializes in the commercial real estate investment banking industry, providing debt and equity solutions for developers, private equity firms and other investors and owners.