Firm Arranges $24 Mil in Financing

MORRISTOWN, NJ-G.S. Wilcox & Co., a commercial mortgage-banking firm based here, recently arranged a total of more than $24 million in financing involving seven different transactions. The firm’s John Taylor, Al Raymond, David Fryer, Joe Smerdon and Gretchen Wilcox produced the transactions.

In the largest deal, an acquisition loan was arranged with GE Financial Assurance for 7 Entin Rd., a 65,000-sf class A office building in Parsippany, NJ. The package amounted to $6.6 million with a five-year fixed rate on a 20-year amortization schedule.

Also, the firm has refinanced a multi-tenant, 70,000-sf office building in Florham Park, NJ through its corresponding lender, GE Financial Assurance. The $5.15 million loan carries a fixed rate for five years and a 25-year amortization schedule. GEFA was also the lender for a 69,000-sf flex/warehouse property in Edison, NJ. The loan amount was $3.31 million with a 10-year fixed rate and a 20-year amortization.