G.S. Wilcox & Co. arranges $20M in financing for multifamily project

Hatboro, PA — G.S. Wilcox & Co. has completed $20 million in permanent financing for a 102-unit apartment project in Hatboro, PA. The financing, which featured a forward commitment at a highly attractive rate, was arranged by Gretchen Wilcox, president and founder, and Bridget Wilcox, partner, through a correspondent life insurance company of the firm.

The newly built apartment community consists of studio, one-, and two-bedroom units and offers immediate access to the SEPTA Regional Rail at Hatboro station. The property also offers a state-of-the-art amenity package to include a fitness center, Bark Park, private tasting room, as well as 4,732 s/f of ground-floor retail space.

“We are pleased to see the completion of this transaction on behalf of our long-term repeat client. We were able to lock in a very attractive long-term rate while the project was still under construction through a six-month forward commitment, with funding occurring upon receipt of the TCO.” said Bridget Wilcox.

In other news, G.S. Wilcox & Co. announced the recent addition of Ryan Mansbach to the firm where he will serve as VP. In his role, he will focus on sourcing debt and equity financing opportunities across commercial real estate asset classes.

Prior to joining G.S. Wilcox, Mansbach served as a corporate development consultant at Four Springs Capital Trust, focusing on capital raising initiatives and mergers and acquisitions activity. Mansbach previously served as an officer in the U.S. Army, holding roles as a fire support officer, platoon leader, and staff officer.