G.S. Wilcox & Co. secures $110.5 million in financing for NJ industrial portfolio

Morristown, NJ G.S. Wilcox & Co. has arranged $110.5 million in permanent financing for a five building industrial portfolio located in Northern New Jersey. The loan was arranged by president & founder Gretchen Wilcox and principal Al Raymond through a correspondent life insurance company of the firm’s and featured a seven-year fixed rate, interest only structure.

The five building industrial portfolio was 97% leased at the time of closing and totaled over 800,000 s/f.

“This transaction represented the second in the past six months with both this borrower and lender. It was a pleasure working with both parties to facilitate another successful closing,” said Wilcox.

G.S. Wilcox & Co. continues to be a leader in the commercial real estate investment banking industry, providing a wide range of debt and equity solutions to developers, institutional investors, real estate private equity firms, and other commercial real estate owners. Founded by Gretchen Wilcox in 1994, the firm remains the only female-founded commercial real estate mortgage banking company in the United States.

Tags: Finance Outside The Region

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