Wilcox and Smerdon were responsible for arranging a 10-year term with a 25-year amortization for an existing loan from the firm's portfolio. The $10 million loan was provided to increase and modify an existing loan secured by a 405,500-sf industrial building located in North Bergen, NJ. The financing was secured through Thrivent Financial for Lutherans.
Taylor, meanwhile, arranged a $3.54 million loan with a 20-year term and a 20-year amortization for an 82,000-sf industrial building fully occupied by three tenants in Secaucus, NJ. The funding came through Southern Farm.
Finally, Fryer arranged a $10.12 million loan with a 10-year term and a 30-year amortization for a 219-unit garden apartment complex located in Wilmington, NC. The financing was secured through a Wall Street Source. Details on the borrowers were not disclosed.
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