MORRISTOWN, NJ—G.S. Wilcox & Co. has arranged $78 million in financing for three New Jersey industrial properties, two New York retail assets and a mixed use building.
The loans were arranged by Gretchen S. Wilcox, president; and Al Raymond and David Fryer, principals.
Two loans totaling $17.15 million were made with Mutual of Omaha. A $14 million loan covered a 353,973 square-foot warehouse in Wayne, NJ, with a 10 year fixed rate term and a 20 year amortization, and a 39,738 square-foot Hackensack warehouse was financed for $3.15 million.
A five-year fixed-rate $3.6 million loan with a 25-year amortization was also completed for an 82,085 square-foot warehouse in Northvale, NJ, which was financed with a local bank.
Thrivent Financial for Lutherans provided a $23.95 million loan for a 634,000 square-foot warehouse building 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 in Bohemia, NY. The loans were for a 95,542 square-foot building and a 42,000 square-foot building. 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 square-foot mixed use building in Hawthorne, NY, was arranged through a life insurance company.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
