Wilcox secures $90M in financing for Russo project (Sol at Vermella Union)

G.S. Wilcox & Co. has completed $90 million in permanent financing for Sol at Vermella Union, a 309-unit luxury apartment community in Union that is being built by Russo Development.

The financing, arranged by Wilcox President Gretchen Wilcox and Principal David Fryer, was secured on a seven-year term.

These high-end rental apartment homes are comprised of 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,”  Wilcox and Fryer said 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., which was founded in 1994, remains the only female-founded commercial real estate mortgage banking firm in the U.S.