By Joshua Burd
G.S. Wilcox & Co. has arranged a $56 million loan for a client to refinance a six-building industrial portfolio in Bergen and Middlesex counties, the firm announced Monday.
The properties are located in South Brunswick, Moonachie and Teterboro, Wilcox said in a news release, though it said it could not provide exact addresses due to client confidentiality. The Morristown-based mortgage banker secured the financing at a fixed rate of 3.25 percent over a 12-year term from Thrivent Financial for Lutherans, one of the firm’s correspondent lenders.
Gretchen S. Wilcox, president, and Al Raymond, principal, handled the transaction.
“G.S. Wilcox & Co.’s longstanding relationship with Thrivent Financial allowed us to lock in such an incredible rate for a repeat client of the firm” Wilcox said in a prepared statement.