{"id":48294,"date":"2023-09-06T06:08:41","date_gmt":"2023-09-06T10:08:41","guid":{"rendered":"https:\/\/re-nj.com\/?p=48294"},"modified":"2023-09-06T06:37:31","modified_gmt":"2023-09-06T10:37:31","slug":"g-s-wilcox-sources-10-2-million-loan-for-new-hampshire-self-storage-facility","status":"publish","type":"post","link":"https:\/\/re-nj.com\/g-s-wilcox-sources-10-2-million-loan-for-new-hampshire-self-storage-facility\/","title":{"rendered":"G.S Wilcox sources $10.2 million loan for new Hampshire self-storage facility"},"content":{"rendered":"<p><em>By Joshua Burd<\/em><\/p>\n<p>The Hampshire Cos. has secured $10.2 million in financing for a newly built, 785-unit self-storage facility in Connecticut, in a deal arranged by G.S. Wilcox &amp; Co.<\/p>\n<p>The lender, a life insurance company, provided the debt with a 13-year term and five years of interest only followed by a 30-year amortization, according to a news release. G.S. Wilcox President Gretchen Wilcox and Principal Albert Raymond arranged the financing, noting that the lender also provided a flexible prepayment arrangement.<\/p>\n<p>The news comes three years after the Morristown-based mortgage banking firm originated a construction loan for the property, which sits off Interstate 95 South and within a highly trafficked shopping center. A national self-storage firm manages the climate-controlled facility, which figures to draw from nearby higher education facilities and a Navy submarine base.<\/p>\n<p>\u201cIt was a pleasure to work with The Hampshire Companies on both the construction and long-term refinancing of this excellent property,\u201d Wilcox said in a prepared statement. \u201cThe lender, a new relationship, was able to provide exceptional financing prior to the property achieving stabilization thanks to their wealth of experience with this product type.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Hampshire Cos. has secured $10.2 million in financing for a newly built, 785-unit self-storage facility in Connecticut, in a deal arranged by G.S. Wilcox &#038; Co.<\/p>\n","protected":false},"author":2,"featured_media":39887,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[271,268],"tags":[3721,499,324],"_links":{"self":[{"href":"https:\/\/re-nj.com\/wp-json\/wp\/v2\/posts\/48294"}],"collection":[{"href":"https:\/\/re-nj.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/re-nj.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/re-nj.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/re-nj.com\/wp-json\/wp\/v2\/comments?post=48294"}],"version-history":[{"count":1,"href":"https:\/\/re-nj.com\/wp-json\/wp\/v2\/posts\/48294\/revisions"}],"predecessor-version":[{"id":48295,"href":"https:\/\/re-nj.com\/wp-json\/wp\/v2\/posts\/48294\/revisions\/48295"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/re-nj.com\/wp-json\/wp\/v2\/media\/39887"}],"wp:attachment":[{"href":"https:\/\/re-nj.com\/wp-json\/wp\/v2\/media?parent=48294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/re-nj.com\/wp-json\/wp\/v2\/categories?post=48294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/re-nj.com\/wp-json\/wp\/v2\/tags?post=48294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}