G.S. Wilcox & Co. arranges $25.5M across two transactions

Hatfield, PA / Wayne, NJ — G.S. Wilcox & Co. has completed $25.5 million in combined financing for a 125,000 s/f industrial property in Hatfield, PA, and a 70,000 s/f industrial property in Wayne, NJ. Both financings were arranged by Bridget Wilcox, partner, and Al Raymond, principal, and were funded by two of the firm’s correspondent life insurance company relationships.

The Hatfield property was secured by a $10.5 million acquisition loan on a 16-year self-liquidating term at a highly attractive rate. The building was fully occupied by two tenants with long-term leases.

In Wayne, the property is a single tenant class A industrial warehouse. The $15 million loan was delivered with a 3-year interest only loan at a highly competitive rate. G.S. Wilcox & Co. also originally arranged construction financing for the property.

“We are pleased to see the completion of both transactions on the behalf of our repeat clients. The closing on the property in Wayne comes full circle, having arranged the spec construction loan on behalf of the borrower and successfully executing a cash-out refinance upon lease execution,” said Wilcox in a prepared statement.