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Long Island
Posted: January 11, 2022
Fryer of G.S. Wilcox secures $7.5 million in financing
Franklin Square, NY According to G.S. Wilcox & Co., principal David Fryer has secured $7.5 million in financing for a 45,000 s/f shopping center. The site benefits from its location nearby Hempstead Turnpike, the local area’s primary thoroughfare.
Thrivent Financial for Lutherans, a correspondent life insurance company lender of the firm, financed the loan with a 15 year term and 25 year amortization.
“This is an exciting loan refinancing for us as this property was the first loan we made with this outstanding borrower over 20 years ago. The relationship we have shared since then has been very special to us.” said Fryer.
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Long Island
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Columns and Thought Leadership
The evolving relationship of environmental consultants and the lending community - by Chuck Merritt
When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.