G.S. Wilcox finance deals tally up to nearly $35M.
G.S. Wilcox & Co. has completed $34,700,000 in financing across three transactions.
The financings were arranged by Gretchen S. Wilcox, president of the Morristown, NJ-based firm, and its two principals, David Fryer and Al Raymond.
The first transaction of $18,200,000 was secured by a 322,000 s/f industrial building in Moonachie, New Jersey. The property is 100 percent leased to two tenants. The financing was provided by Thrivent Financial for Lutherans, a correspondent lender of the firm's, for a repeat customer of G.S. Wilcox.
The second transaction consisted of a $ 12,000,000 loan that was secured by three industrial warehouse buildings totaling 211,527 s/f in South Hackensmck, New Jersey. The property was financed by an insurance company with G.S. Wilcox & Co. representing Alfred Sanzari Enterprises.
For the third transaction, G.S. Wilcox arranged $4,500,000 in financing for a 40,000 s/f owner-occupied retail building in Farmingdale, New York. Genworth Life Insurance Company, another correspondent of the firm's, provided the financing.
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|Title Annotation:||BANKING & FINANCE|
|Comment:||G.S. Wilcox finance deals tally up to nearly $35M.(BANKING & FINANCE)|
|Publication:||Real Estate Weekly|
|Date:||Dec 6, 2017|
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