By Joshua Burd
G.S. Wilcox & Co. has arranged five new out-of-state loans on behalf of its clients, including $18 million in financing for the owner of a Long Island shopping center.
David Fryer, a principal with the Morristown-based mortgage banking firm, worked on behalf of the borrower to secure the 15-year loan through a correspondent lender. The financing has a 30-year amortization, supporting the 118,000-square-foot retail property in the Plainview section of Oyster Bay.
It was among nearly $44 million in recent loans secured by Fryer. G.S. Wilcox on Thursday also announced a $14.5 million deal to refinance a 224-unit multifamily property in Harvey, Louisiana, with 10 years of interest only.
Fryer went on to secure three additional mortgages, including two in New York, according to a news release. The first was for a shopping center in Amsterdam, which amounted to $4.5 million on a 10-year term with 25-year amortization, followed by a $2.95 million loan for a 106,307-square-foot flex building in Orangeburg.
In Pennsylvania, Fryer secured $3.5 million in financing for a flex-industrial warehouse portfolio in Bethlehem through another correspondent lender.
“Thank you to our valued clients for their continued support,” Fryer said. “G.S. Wilcox & Co. is delighted to work with property owners, developers and investors from across the United States.”
