Wilcox and Raymond arrange $23 million in financing for industrial property

Secaucus, NJ G.S. Wilcox & Co. it has arranged $23 million in permanent financing for an industrial property. 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 an attractive five-year fixed rate.

The subject property is a fully leased, one-story warehouse encompassing 200,000 s/f of combined warehouse and office space. The facility features 19 loading docks and one drive-in door.

“We are proud to have secured such favorable terms for one of longest standing client relationships,” said president & founder Gretchen Wilcox. “It’s always a pleasure working with our correspondent lender to deliver this successful financing.”

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 S. Wilcox in 1994, the firm remains the only female-founded commercial real estate mortgage banking company in the United States.