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MORRISTOWN, NJ-G.S. Wilcox & Co., a commercial mortgage-banking firm based here, recently arranged a total of more than $24 million in financing involving seven different transactions. The firm’s John Taylor, Al Raymond, David Fryer, Joe Smerdon and Gretchen Wilcox produced the transactions.

In the largest deal, an acquisition loan was arranged with GE Financial Assurance for 7 Entin Rd., a 65,000-sf class A office building in Parsippany, NJ. The package amounted to $6.6 million with a five-year fixed rate on a 20-year amortization schedule.

Also, the firm has refinanced a multi-tenant, 70,000-sf office building in Florham Park, NJ through its corresponding lender, GE Financial Assurance. The $5.15 million loan carries a fixed rate for five years and a 25-year amortization schedule. GEFA was also the lender for a 69,000-sf flex/warehouse property in Edison, NJ. The loan amount was $3.31 million with a 10-year fixed rate and a 20-year amortization.

Aid Association for Lutherans was the lender on two industrial transactions. The first provided a forward rate locked commitment and financing for a new 53,790-sf warehouse in Cranbury, NJ. The loan of $2.725 million was fixed for 10 years with a 25-year amortization. The second was an acquisition loan of $2,336,250 for a warehouse property in Carlstadt, NJ. It was provided on a 10-year fixed term with a 20-year amortization.

Also, G.S. Wilcox arranged its first loan with new correspondent lender Clarica Life of Canada. The $3 million refinancing was arranged for a 42,206-sf single-tenant building in Piscataway, NJ. Finally, StanCorp Mortgage Investors, the investment arm of Standard Life, financed a 10,908-sf Eckerd Drug Store in Aberdeen, NJ in the amount of $1.365 million.

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