G.S. Wilcox & Co. secures $25.5 million in financing for new luxury apartments in Warminster, PA
WARMINSTER, PA — G.S. Wilcox & Co., a commercial mortgage banking firm based in Morristown, NJ has secured $25.5 million in financing for the Jacksonville Station Community, a recently constructed 151-unit, eight building luxury community located in Warminster. The financing, arranged by Gretchen Wilcox, president & CEO, and David Fryer, principal, was secured with a 10 year term and a 30 year amortization through Allianz. The client was a repeat borrower of the firm’s. Featuring 12 different unit types with a clubhouse and in-ground pool, the subject property is situated directly across from its sister community, The Station at Bucks County, which opened in 2012. In alignment with the Borrower’s mission to develop luxury apartment communities that are not only multi-family but also transit-oriented, the Jacksonville Station Community is optimally located across the street from the Septa Rail Station, which provides direct connectivity to Philadelphia in under 40 minutes.