According to Carlton chairman Howard Michaels, the firm has arranged the signing of a $62 million mezzanine finance application to be secured by a 205-key hotel under construction. The lender is a new overseas fund doing business in the U.S.
Hatboro, PA G.S. Wilcox & Co. completed $20 million in permanent financing for a 102-unit apartment project. The financing, which featured a forward commitment at an attractive rate, was arranged by Gretchen Wilcox,