News:
Brokerage
Posted: July 19, 2016
Wilcox and Raymond of G.S. WIlcox arrange $25 million for 338,661 s/f
Secaucus, NJ According to G.S. Wilcox & Co., they have arranged financing in the amount of $25 million.
Gretchen Wilcox, president, and Al Raymond, principal, originated the loan, which provided financing for a repeat borrower of G.S. Wilcox & Co. The loan is secured by a 338,661 s/f single tenant warehouse building, currently net leased by Staples. The loan term was fixed for five years and has a 30-year amortization, and was financed by Thrivent Financial for Lutherans.
G.S. Wilcox & Co. serves as an exclusive correspondent for Thrivent and was their 2015 Top producer in the country, originating over $150 million in loans.
G.S. Wilcox & Co., located in Morristown, NJ, is a full service mortgage banking firm which originates, underwrites, and services commercial real estate mortgage loans. Founded in 1994, they have been servicing clients for over 20 years.
Tags:
Brokerage
MORE FROM Brokerage
Investment Property Realty Group closes $2.175 million sale of 247 Leonard St.
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 247 Leonard St., a multi-family building located in the Williamsburg section of the city, for $2.175
Quick Hits
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
.gif)
August Promotion
