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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