G.S. Wilcox & Co. closes two deals: $35.5 million

According to G.S. Wilcox & Co., Gretchen Wilcox, Al Raymond and David Fryer, president and principals of the firm respectively, arranged $35.5 million in financing in the month of March. Fryer originated the Long Island transaction for $26 million involving Arlona Limited Partnership and Genworth Financial. The loan is secured by Mayfair Shopping Center, a multi-tenanted 214,000 s/f retail center located in Commack, N.Y. This transaction provides favorable terms for both parties including an interest only amortization for the full 11-year term of the loan. Levin Management manages the asset for the ownership and was instrumental in helping with the refinancing. Wilcox and Raymond originated the South Jersey transaction involving A New Jersey-based real estate fund and Prudential for $9.5 million. The loan is secured by Towne Square, a multi-tenanted 88,380 s/f retail center located in Mount Laurel, N.J. This transaction offered favorable terms to both parties including a 7/25 amortization schedule and low LTV. G.S. Wilcox & Co., founded in 1994 is a full service mortgage banking firm which originates, underwrites, and services commercial real estate mortgage loans. The firm is a part of the Strategic Alliance Mortgage (SAM) Network that financed $7.6B of loans in 2011.