Real Estate

G.S. Wilcox & Co. Closes $78,000,000 in Financing

G.S. Wilcox & Co. announced that its has arranged financing in the amount of $78,000,000, arranged by Gretchen S. Wilcox, president, Al Raymond, principal and David Fryer, principal of G.S. Wilcox & Co.

Two loans totaling $17,150,000 were made with Mutual of Omaha.  The loans were for a 353,973 square foot warehouse totaling $14,000,000, with a 10 year fixed rate term and a 20 year amortization located in Wayne, and a 39,738 square foot warehouse totaling $3,150,000, located in Hackensack.

A 5-year, fixed-rate loan with a 25 year amortization totaling $3,600,000 was also completed for an 82,085 square foot warehouse.  The property, located in Northvale, was financed with a local bank.

Thrivent Financial for Lutherans provided a $23,950,000 loan for a 634,000 square foot warehouse building, located in South Brunswick, New Jersey.  The loan term was fixed for 15 years with a 20 year amortization.

Thrivent also provided financing for two retail properties totaling $31,500,000 located in Bohemia, New York.  The loans were for a 95,542 square foot building totaling $24,850,000, and a 42,000 square foot building totaling $6,650,000.  Each property was secured at a 15 year fixed rate term and a 30-year amortization.

A $1,800,000 loan for a 32,100 square foot mixed use building located in Hawthorne, New York, was arranged through a life insurance company.

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