X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MORRISTOWN, NJ-G.S. Wilcox & Co., the commercial mortgage banking firm based here, has arranged a total of just more than $22.9 million in financing in seven separate transactions with four different lenders. The firm’s Gretchen Wilcox, Joseph Smerdon, Albert Raymond, John Taylor and David Fryer arranged the deals, which covered a variety of property types.

“Although certain asset types currently have more favorable fundamentals than others, we are able to arrange very competitive financing for all types of properties,” according to Wilcox.

Four of the financings totaling just over $10.2 million were arranged with Thrivent Financial, including $3.75 million for an 81,610-sf warehouse in East Hanover, NJ. And $1.62 million was obtained for a 30,771-sf flex building in Secaucus, NJ. The other Thrivent deals are a $1.5 million loan for a 47,000-sf warehouse in Carlstadt, NJ, and $3.35 million for a 127,000-sf warehouse in Totowa, NJ.

A loan of just under $6.2 million for a 250,000-sf warehouse in Avenel, NJ, meanwhile, was placed with Woodmen of the World. The other two transactions involved a $3.7 million loan on a 105,000-sf self-storage facility in Woodbury, NY, placed with GE Capital; and $2.8 million for a 24,120-sf office building in Short Hills, NJ, placed with GE Asset Management.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.