Wilcox and Raymond of Q10|G.S. Wilcox places $13 million in financing
Q10|G.S. Wilcox & Co. has arranged financing in the amount of $13 million. The team of Gretchen Wilcox, president and Al Raymond, principal, arranged a loan which has a term of five years and is secured by a 104,000 s/f office building. The 75% loan to value financing has an interest rate of 6.25% with a 25-year amortization period. A regional bank that Q10|G.S. Wilcox & Co. originates and services loans for provided the funds.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
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Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional