G.S. Wilcox & Co. closes $78 million
Morristown, NJ — G.S. Wilcox & Co. arranged financing in the amount of $78 million, arranged by Gretchen Wilcox, president, Al Raymond, principal and David Fryer, principal of G.S. Wilcox & Co.
Two loans totaling $17.15 million were made with Mutual of Omaha. The loans were for a 353,973 s/f warehouse totaling $14 million, with a 10 year fixed rate term and a 20 year amortization located in Wayne and a 39,738 s/f warehouse totaling $3.15 million, located in Hackensack.
A 5 year fixed rate loan with a 25 year amortization totaling $3.6 million was also completed for an 82,085 s/f warehouse. The property, located in Northvale was financed with a local bank.
Thrivent Financial for Lutherans provided a $23.95 million loan for a 634,000 s/f warehouse building, located in South Brunswick. The loan term was fixed for 15 years with a 20 year amortization.
Thrivent also provided financing for two retail properties totaling $31.5 million located in Bohemia, NY. The loans were for a 95,542 s/f building totaling $24.85 million, and a 42,000 s/f building totaling $6.65 million. Each property was secured at a 15 year fixed rate term and a 30 year amortization.
A $1.8 million loan for a 32,100 s/f mixed use building located in Hawthorne, New York was arranged through a life insurance company.
G.S. Wilcox & Co., located in Morristown, NJ, is a full service mortgage banking firm which originates, underwrites, and services commercial real estate mortgage loans. Founded in 1994, they have been servicing clients for over 20 years.