By Joshua Burd
The owner of a 322,000-square-foot industrial building in Moonachie has refinanced for $18.2 million, in one of three new transactions announced by G.S. Wilcox & Co.
The mortgage banking firm, which is based in Morristown, said Tuesday that it had completed three recent financing deals totaling $34.7 million. Also included in the deals were a $12 million loan for three warehouses in South Hackensack and $4.5 million in financing for a 40,000-square-foot, owner-occupied retail building in Farmingdale, New York.
G.S. Wilcox did not disclose the addresses of the properties. The loans were arranged by Gretchen S. Wilcox, president, along with principals David Fryer and Al Raymond.
In Moonachie, the firm secured the loan through Thrivent Financial for Lutherans, one of its correspondent lenders, for a repeat customer. The property is fully leased to two tenants.
In South Hackensack, G.S. Wilcox said it brokered the $12 million loan for a three-building portfolio totaling 211,527 square feet in South Hackensack. An insurance company financed the property, with G.S. Wilcox representing Alfred Sanzari Enterprises.
Genworth Life Insurance Co. provided the $4.5 million loan for the New York retail property.
