New York & Pennsylvania — G.S. Wilcox & Co. announced that principal David Fryer had recently financed a total of $44 million in out of state loans.
Fryer secured an $18 million loan on behalf of the owners of a 118,000 s/f shopping plaza in Plainview, NY. The loan was arranged with a 15-year term and 30-year amortization through a correspondent lender of the firm. He simultaneously refinanced a 224-unit multifamily property in Harvey, LA for $14.5 million with 10-year interest only.
Fryer went on to secure three additional mortgage loans across New York and Pennsylvania. The first loan was for a retail shopping center in Amsterdam, NY equaling $4.5 million on a 10-year termwith 25-year amortization. The second loan was for a 106,307 s/f multi-tenant flex building in Orangeburg, NY in the amount of $2.95 million. Lastly, Fryer secured $3.5 million in financing for a flex/industrial warehouse portfolio in Bethlehem, PA through another correspondent lender.
“Thank you to our valued clients for their continued support. G.S. Wilcox & Co. is delighted to work with property owners, developers, and investors from across the US,” said Fryer in a prepared statement.