G.S. Wilcox & Co. Principal David Fryer recently financed a total of $16.3 million in commercial loans, according to a Monday announcement from the Morristown firm.
Fryer secured $10.6 million to refinance a 34,877-square-foot shopping plaza in East Farmingdale, New York. The loan was arranged with a 15-year term and 30-year amortization through a correspondent lender of the firm. The retail shopping plaza consists of a 6.90-acre lot populated by four retail buildings. Although not part of the collateral, this location is anchored by a Walmart Supercenter and is a busy destination for Suffolk County.
He simultaneously refinanced a 30,210-square-foot single-tenant industrial property in Piscataway for $5.7 million with a 12-year term and 30-year amortization with flexible prepayment through another of the firm’s correspondent lenders. The recently completed building features a 35-foot clear ceiling height and six loading docks. It is conveniently located with quick access to Interstate 287, Route 18 and Exit 10 of the New Jersey Turnpike.
“Thank you to our valued clients for their continued support. Capital remains available for well-located properties such as these,” Fryer said.