News: Brokerage

Wilcox, Fryer and Raymond of G.S. Wilcox complete two transactions: $12.85 million total

Totowa, NJ According to G.S. Wilcox & Co., it has completed $12.85 million in financing in two transactions. The financing was arranged by Gretchen Wilcox, president, and the firm’s two principals, David Fryer and Al Raymond.

A $7 million loan that was secured by a 252,000 s/f former manufacturing facility which will be converted into a 383,000 s/f single tenant warehouse distribution facility. The property was financed by Provident Bank with G.S. Wilcox representing the Hampshire Cos.

For the second transaction, G.S. Wilcox arranged $5.85 million in financing for an office call center facility in Bethlehem, Pa. The company represented J.G. Petrucci Co. with Thrivent Financial providing financing.

G.S. Wilcox & Co., located in Morristown, NJ, is a full service mortgage banking firm which originates and services commercial real estate mortgage loans. Founded in 1994, the firm has serviced clients for over 22 years.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

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
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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
Artificial intelligence in lending - by Lindsay Mesh Lotito

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,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.