Russo Development, Hampshire Management & Fourth Edition Inc. Acquire Multifamily Property In Hackensack For $60M Loan | 160 River Street | Al Raymond, Gretchen Wilcox, David Fryer | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

219,107 sqft

The multifamily property located at 160 River Street in Hackensack has been involved in a recent closed transaction. The property, managed by Russo Development, Hampshire Management, and Fourth Edition Inc., spans across 20 acres and consists of 271 units. The deal was facilitated by brokers Gretchen Wilcox, David Fryer, and Al Raymond from G.S. Wilcox.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $60,000,000
Loan Type: Permanent Loan
Loan Terms: 10-year loan

The loan amount for this transaction was $60,000,000, secured through a permanent loan with a duration of 10 years. This loan will contribute to the continued operation and maintenance of the property at 160 River Street.

Players

All
4

Agents
3
Agencies
1

Al Raymond

Commercial Real Estate Underwriting & Originations

Gretchen Wilcox

President and Founder

David Fryer

Principal

G.S. Wilcox

Details

Deal Summary

FINANCED

IMAGE: Gretchen Wilcox, David Fryer & Al Raymond DATE: 07/25/2022 ADDRESS: 160 River Street MARKET: Hackensack ASSET TYPE: Multifamily ~ UNITS: 271 ~ ACRES: 20 LANDLORD: Russo Development (@RussoDevelopment), Hampshire Management & Fourth Edition Inc. BROKERS: Gretchen Wilcox (@GretchensWilcox), David Fryer & Al Raymond - G.S. Wilcox LOAN AMOUNT: $60,000,000 LOAN TYPE: Permanent Loan LOAN TERMS: 10-year loan

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Address160 River Street

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