Q|10 G.S. Wilcox arrange three loans totaling $22m
The team of Gretchen Wilcox, president of Q10| G.S. Wilcox & Co., and Albert Raymond, principal, arranged the three following loans totaling $22 million:
* A $15 million loan on a newly constructed Courtyard by Marriott hotel located in Paramus. This 82,935 square foot, four-story brick hotel houses 154 rooms and a 44-seat restaurant.
* A $6 million loan on a vacant 119,000 s/f industrial building located in Linden. This property has 20' clear ceiling heights, eight loading doors and two drive in-doors.
* A $1 million loan on a 28,882 s/f fully occupied industrial building located in Paterson.
Queens, NY Investment Property Realty Group (IPRG) arranged The Vaja Group’s $26.39 million acquisition of 24-41 31st St., a fully entitled development site in Astoria. The 29,638 s/f site traded for $176 per buildable s/f.
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