By Joshua Burd
G.S. Wilcox & Co. has announced $267 million in new loan activity in New Jersey and New York on behalf of a longtime life insurance company client.
According to the commercial mortgage banking firm, which is based in Morristown, the deals include loans of $103 million and $60 million for a pair of multifamily properties in northern New Jersey. Thrivent Financial, a correspondent lender of G.S. Wilcox, provided the financing.
The firm also arranged $86 million in loans for four industrial properties in northern New Jersey and an $18 million loan for a retail center on Long Island.
“Despite the challenges we faced in 2020, we continue to meet our clients’ objectives by arranging the best financing for their projects,” Gretchen Wilcox, G.S. Wilcox’s founder, said in a prepared statement. “We are proud to serve as a correspondent for Thrivent Financial in our market, and look forward to continuing this partnership.”