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GS Wilcox arranges $170M in NJ apartment, warehouse loans

G.S. Wilcox & Co. recently closed $170 million of apartment and warehouse loans through their exclusive correspondent, Thrivent Financial.

Two apartment transactions totaled $100 million. One was for a 280 unit complex called Vermella West (pictured top), a Russo development located in Kearny, NJ.

The other was for The Winston, a Petrucci/Mandelbaum apartment project with 218 units located in Lyndhurst, NJ. Both of the loans were take outs of construction loans and priced aggressively.

Another roughly $80 million was placed on five warehouse properties located throughout New Jersey. The properties were a 417,000 s/f property owned by Whitesell in Florence; three buildings totaling approximately 400,000 s/f owned by Adler Development; a 340,900 s/f building located in South Brunswick owned by Forsgate Industrial Parks; a 61,000 s/f warehouse owned by Hartz Mountain Industries; and a 128,000 s/f flex property located in Wall Township.

GRETCHEN WILCOX

Thrivent Financial has a commercial mortgage loan portfolio of $8 billion.

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