"Although certain asset types currently have more favorable fundamentals than others, we are able to arrange very competitive financing for all types of properties," according to Wilcox.
Four of the financings totaling just over $10.2 million were arranged with Thrivent Financial, including $3.75 million for an 81,610-sf warehouse in East Hanover, NJ. And $1.62 million was obtained for a 30,771-sf flex building in Secaucus, NJ. The other Thrivent deals are a $1.5 million loan for a 47,000-sf warehouse in Carlstadt, NJ, and $3.35 million for a 127,000-sf warehouse in Totowa, NJ.
A loan of just under $6.2 million for a 250,000-sf warehouse in Avenel, NJ, meanwhile, was placed with Woodmen of the World. The other two transactions involved a $3.7 million loan on a 105,000-sf self-storage facility in Woodbury, NY, placed with GE Capital; and $2.8 million for a 24,120-sf office building in Short Hills, NJ, placed with GE Asset Management.
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