Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WOODBRIDGE, NJ-M. Robert Goldman & Co. of New Jersey, Inc., has arranged a total of $13 million in financing for a 324,455-sf warehouse here that is owned and operated by principals of the Amerex Group Inc., a major national distributor of outerwear.

The refinancing package will be used by Woodbridge Enterprises, an entity controlled by the Amerex principals, to pay off present debt and to provide capital for strategic acquisitions. The group is also considering building an unrelated 200,000-sf building on a nearby site, according to officials.

The transaction is indicative “of the growing trend for mortgage bankers to work with large corporations to structure and place commercial and industrial loans for the properties they own,” according to Richard Koch, senior vice president of the Millburn, NJ-based Goldman organization.

“Rather than limiting themselves to dealing strictly with their traditional sources, such as the commercial banks, these companies are now showing a willingness to go beyond their traditional clientele to broaden their access to capital,” Koch continues. “These companies have a variety of financing needs, and mortgage bankers have the tools to service them.”

The self-liquidating loan was placed with Guardian Life Insurance Co. of America, whom MRG-NJ represents as a mortgage loan correspondent. “This deal illustrates how a loan can be arranged to accommodate the complex needs of major corporations in search of financing,” according to Koch, who structured and placed the financing.

MRG is a privately held firm based in Great Neck, NY, with a servicing portfolio that currently stands at more than $600 million. Its Millburn, NJ office was established in 1996 to provide financing services for income-producing properties, including office buildings, industrial properties, shopping centers and multifamily housing projects. The New Jersey office currently represents a dozen national commercial lenders and, since it opened, has closed loans of $1 million to $65 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.