G.S. Wilcox & Co. announced that they have arranged financing in the amount of $60,625,000, arranged by Gretchen S. Wilcox, president, and Al Raymond, principal.
Five loans have been made with Thrivent Financial for Lutherans.
One loan for $9,950,000 was secured by a 230,000 s/f warehouse building located at Exit 8A off the New Jersey Turnpike.
The property has a single tenant on a short-term lease; the lender allowed a master lease until a replacement tenant is found. The loan was fixed for 15 years, and had a 25 year amortization.
Four additional loans include two South Brunswick, NJ, properties totaling 916,012 s/f of industrial warehouse space for $29,925,000, a third loan for $11,375,000 for a 169,627 s/f industrial warehouse building located in Moonachie, NJ, and a fourth loan for $9,375,000 for warehouse space located in Lyndhurst, NJ.