The three fundings, which were arranged through Thrivent Financial for Lutherans, include $15 million for a 510-unit apartment complex in Somerset, NJ; a $15-million loan for a 322,500-sf industrial property in Moonachie, NJ; and $4.4 million for a 65,658-sf industrial building in Teterboro, NJ. The borrowers were not identified, and further terms off the loans were not disclosed.
"Thrivent has been one of our most consistent lenders over the last 10 years," according to Wilcox. "Thrivent, which was formed with the merger of the Aid Association for Lutherans and the Lutheran Brotherhood, will continue to be a strong player in New Jersey's commercial real estate arena."
The Wilcox organization, meanwhile, has built up a $715-million servicing portfolio since the firm was founded in 1994.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.