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G.S. Wilcox making it happen to tune of $33m.

G.S. Wilcox & Co. has recently arranged financing totaling $33,225,000 through multiple lender relationships. The team included Gretchen Wilcox, Joseph Smerdon, Albert Raymond, John Taylor, David Fryer and Deborah Nexon.

Gretchen S. Wilcox, the president of G.S Wilcox & Co., and Albert Raymond, were responsible for arranging a $7,700,000 loan in Bordentown, NJ.

The 142,500 s/f industrial/flex building with 15% office finish is located in a four building park totaling 1,650,000 s/f. Financing was based on a 10 year term with a 25 year amortization. Financing was secured through Thrivent Financial for Lutherans.

John Taylor was responsible for arranging two loans totaling $21,675,000. A loan of $18,500,000 was provided for a 173,080 s/f grocery-anchored shopping center on 15.48 acres in Cape May Courthouse, NJ. Financing was based on a10 year term with a 30 year amortization including five years interest-only with tax and insurance escrows and no reserves. This highly competitive loan was secured through a conduit relationship.

The second loan for $3,175,000 represented 75% loan to value for a 21,800 s/f strip retail center in Caldwell, NJ. The non-recourse financing was based on a 20 year term with a 20 year amortization with no reserves or escrows and has a 10-year optional rate reset. The purpose of this loan was to take-out the existing construction loan. Financing was secured through Genworth Financial, one of Wilcox & Co.'s 12 correspondent life insurance companies.

David Fryer was responsible for arranging a $3,850,000 loan for permanent financing of a 69,148 s/f office/warehouse building located in Runnemede, New Jersey. Financing was based on a 10 year term with a 19 year amortization. Financing was secured through Thrivent Financial for Lutherans.
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Article Type:Brief article
Geographic Code:1USA
Date:Apr 12, 2006
Words:303
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