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G.S. Wilcox & Co Arranges $52M Loan For North Haledon Multifamily Acquisition

Property Image
FINANCED
$52,000,000
Wesley Wilcox
Al Raymond
Ryan Dowd
+ 4

New Jersey

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MultiFamily176,889 SF
Financed
the dealplayerscompscontact
Property Image
FINANCED

G.S. Wilcox & Co Arranges $52M Loan For North Haledon Multifamily Acquisition

920 Belmont Avenue, North Haledon, New Jersey 07508, United States

See Similar Deals
MultiFamily176,889 SF
Financed
Wesley Wilcox
Al Raymond
Ryan Dowd
+ 4
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$294
Total Square Footage:176889 SF
Transaction Type:Loan

The multifamily property located at 920 Belmont Ave in North Haledon has been involved in a recent loan transaction. The property consists of 180 units and spans across 20 acres.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $52,000,000
  • Loan Terms: 20-year term loan

Gretchen Wilcox, Wesley Wilcox, and Al Raymond of G.S. Wilcox & Co acted as the brokers in this deal.

Players

Brian Whitmer
RePropCo
Brian Whitmer
28 deals$1.6B volume(201) 508-5209
BROKER
Niko Nicolaou
Cushman & Wakefield
Niko Nicolaou
33 deals$2B volume(201) 426-2227
BROKER
Gretchen Wilcox
G.S. Wilcox
Gretchen Wilcox
5 deals$277.5M volume
BROKER
Ryan Dowd
Cushman & Wakefield
Ryan Dowd
25 deals$2.2B volume(201) 508-5278
BROKER
Peter Welch
Cushman & Wakefield
Peter Welch
11 deals$683.6M volume
BROKER
Al Raymond
G.S. Wilcox
Al Raymond
4 deals$196M volume
BROKER
Wesley Wilcox
G.S. Wilcox
Wesley Wilcox
4 deals$164M volume
BROKER

Details

FINANCED
IMAGE: Gretchen Wilcox, Wesley Wilcox & Al Raymond DATE: 09/09/2022 ADDRESS 920 Belmont Ave MARKET: North Haledon ASSET TYPE: Multifamily ~ UNITS: 180 ~ ACRES: 20 BROKERS: Gretchen Wilcox (@GretchensWilcox), Wesley Wilcox & Al Raymond - G.S. Wilcox & Co LOAN AMOUNT: $52,000,000 LOAN TERMS: 20-year term loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$52,000,000.00

Monthly NOI$346,666.67
Monthly Debt Service$328,675.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00