Wilcox & Co. announces loans totaling $18m

Real Estate Weekly,  July 11, 2007  

• E-mail
• Print
• Link

G.S. Wilcox & Co. has arranged financing in the amount of $18,750,000.

The team of Gretchen S. Wilcox, the president and Albert Raymond arranged three loans totaling $12,450,000.

An $8,000,000 loan located in Cranbury, NJ. The property is a 223,000 sq/ft industrial building. The fixed rate loan has a 20 year term with a 25 year amortization. Financing was arranged through Great West Life and Annuity Insurance Co. A $1,650,000 land deal located in Elmwood Park, NJ. This is a self liquidating fixed rate loan for a 25 year term. Financing was arranged through Great West Life and Annuity Insurance Co.

A $2,800,000 fixed rate A and B note financing. The property is a 59,400 sq/ft warehouse space and is located in Carlstadt, NJ. The property is fully leased. Both Loans will be re-amortized on a 20 year schedule, while the maturity date for the A & B note will be the same. Financing was arranged through Thrivent Financial for Lutherans. Deborah Nexon of G.S. Wilcox & Co. arranged two loans totaling $6,300,000.

An acquisition loan of $3,300,000 for a 5,400 sq/ft. four story mixed use building located in Manhattan, NY. The loan has a 10 year term with a 30 amortization. Financing was arranged through a conduit relationship.

A $3,000,000 loan for the refinance of a 48,000 sq/ ft industrial building with partial mezzanine space located in Secaucus, NJ. The loan has a 10 year term with a 30 year amortization. Financing was arranged through a conduit relationship.

COPYRIGHT 2007 Hagedorn Publication
COPYRIGHT 2008 Gale, Cengage Learning