G.S. Wilcox & Co. arranges $60.625 million with Thrivent Financial
MORRISTOWN, NJ — G.S. Wilcox & Co. arranged financing in the amount of $60.625 million, arranged by Gretchen Wilcox, president, and Al Raymond, principal of G.S. Wilcox & Co.
Five loans have been made with Thrivent Financial for Lutherans.
One loan for $9.95 million was secured by a 230,000 s/f warehouse building located at Exit 8A. The property has a single tenant on a short-term lease; the lender allowed a master lease until a replacement tenant is found. The loan was fixed for 15 years, and had a 25 year amortization.
Four additional loans include two South Brunswick, NJ properties totaling 916,012 s/f of industrial warehouse space for $29.925 million, a third loan for $11.375 million for a 169,627 s/f industrial warehouse building located in Moonachie and a fourth loan for $9.375 million for warehouse space located in Lyndhurst.