{"id":116532,"date":"2026-02-17T23:26:08","date_gmt":"2026-02-17T23:26:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/116532\/"},"modified":"2026-02-17T23:26:08","modified_gmt":"2026-02-17T23:26:08","slug":"g-s-wilcox-arranges-loans-totaling-25-5-million-for-new-jersey-pennsylvania-warehouses-real-estate-nj","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/116532\/","title":{"rendered":"G.S. Wilcox arranges loans totaling $25.5 million for New Jersey, Pennsylvania warehouses \u2013 Real Estate NJ"},"content":{"rendered":"

By Joshua Burd<\/p>\n

The owner of a new 70,000-square-foot industrial property in Wayne has closed on $15 million in financing, in one of two newly announced deals by G.S. Wilcox & Co.<\/p>\n

According to the mortgage banking firm, the borrower is refinancing an undisclosed single-tenant warehouse in the Passaic County township. A life insurer provided the debt with three years of interest only and what G.S. Wilcox described as a highly competitive rate, noting that it also arranged the original construction loan for the property.<\/p>\n

The second deal, a $10.5 million acquisition loan, is tied to a 125,000-square-foot industrial property in Hatfield, Pennsylvania, that was fully occupied by two tenants with long-term leases, Morristown-based G.S. Wilcox said. The transaction comes with a 16-year self-liquidating term at a highly attractive rate.<\/p>\n

Bridget Wilcox, a partner with the firm, and Al Raymond, a principal, sourced both loans through the correspondent life insurance company.<\/p>\n

\u201cWe are pleased to see the completion of both transactions on the behalf of our repeat clients,\u201d Wilcox said in a prepared statement. \u201cThe closing on the property in Wayne comes full circle, having arranged the spec construction loan on behalf of the borrower and successfully executing a cash-out refinance upon lease execution.\u201d<\/p>\n


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