By Joshua Burd
The owner of a 200,000-square-foot warehouse in Secaucus has closed on $23 million in permanent financing, in a newly announced deal by G.S. Wilcox & Co.
The borrower, which was undisclosed, secured the five-year fixed-rate loan through one of G.S. Wilcox’s correspondent life insurance companies. The mortgage banker noted that the fully leased, one-story facility has 19 loading docks and one drive-in door, adding that it includes office space.
G.S. Wilcox President and Founder Gretchen Wilcox and Principal Al Raymond sourced the financing.
“We are proud to have secured such favorable terms for one of longest-standing client relationships,” Wilcox said. “It’s always a pleasure working with our correspondent lender to deliver this successful financing.”
