Recent Wilcox Financings Total $18M

In the largest deal, Fryer secured nearly $8.8 million in financing through ING Investment Management for a 240-unit garden apartment community on Peachtree Street in the Buckhead section of Atlanta. The fixed-rate loan was placed with a five-year interest-only term. The borrower was not identified.

Wilcox and Raymond were responsible for the other five transactions, all involving properties in New Jersey. They included two construction take-out loans totaling close to $4.4 million through ICA Mortgage Capital, the first a nearly $2.9-million package for a 20,488-sf retail/office building in Jamesburg, the second a $1.5-million funding for a 12,000-sf office building in Old Bridge.

Also, a $1.6-million loan was placed on a 35,655-sf multi-tenant office/light industrial building in Livingston, with the funding provided by StanCorp Mortgage Investors. ING Investment Management, meanwhile, provided funding totaling almost $2 million for a 76,884-sf industrial building with a 25% office finish in Millburn. And Woodman of the World Life provided $1.8 million for a 121,650-sf industrial building in Ridgefield.