By Joshua Burd
G.S. Wilcox & Co. has arranged nearly $25.3 million in financing for a 296-unit multifamily property in North Carolina, the Morristown-based mortgage banker announced recently.
According to a news release, the firm sourced the loan through Freddie Mac with what it described as a highly competitive interest rate. Proceeds will support a property that sits on 20.17 acres in Charlotte, some seven miles east of Center City, boasting near-full occupancy in a competitive market.
G.S. Wilcox Principal David Fryer secured the $25.271 million deal.
“We appreciate the opportunity to secure financing for this well-positioned property on behalf of our repeat client,” Fryer said. “The Freddie Mac lender provided an extremely low rate, ensuring a highly competitive financing solution with certainty of execution.”
