The three fundings, which were arranged through ThriventFinancial for Lutherans, include $15 million for a 510-unitapartment complex in Somerset, NJ; a $15-million loan for a322,500-sf industrial property in Moonachie, NJ; and $4.4 millionfor a 65,658-sf industrial building in Teterboro, NJ. The borrowerswere not identified, and further terms off the loans were notdisclosed.
"Thrivent has been one of our most consistent lenders over thelast 10 years," according to Wilcox. "Thrivent, which was formedwith the merger of the Aid Association for Lutherans and theLutheran Brotherhood, will continue to be a strong player in NewJersey's commercial real estate arena."
The Wilcox organization, meanwhile, has built up a $715-millionservicing portfolio since the firm was founded in 1994.
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