G.S. Wilcox & Co. arranges $19.4 million in financing for two office buildings

NJ & PA G.S. Wilcox & Co. has arranged $19.4 million in financing for two office buildings. Both financings were secured by the team of partners, Wesley and Bridget Wilcox, for a New Jersey based investor from two of the firm’s correspondent life insurance company lenders. 

The team obtained $7.2 million to refinance a 100,000 s/f multi-tenant office in Piscataway, NJ. Kansas City Life Insurance Company provided the 10-year fixed rate loan. The property features easy access and visibility from I-287. The second loan, provided by Minnesota Life Insurance Company, totaled $12.2 million for the acquisition of a 76,000 s/f multi-tenant office. The financing was also secured on a 10-year fixed rate term.  

“G.S. Wilcox & Co. is pleased to secure such favorable terms for these two well-located office properties despite the challenges this asset class has faced over these past few years,” Wilcox said.