Q10/ G.S. Wilcox & Co

Real Estate Weekly, Nov 26, 2008

Q10| G.S. Wilcox & Co. is pleased to announce that the team of Gretchen S. Wilcox president of Q10| G.S. Wilcox & Co., and Albert Raymond, principal, recently arranged five loans in the amount of $12,965,000.

* A $4,745,000 loan on an 85,000 s/f industrial building located in Somerset, N.J. The loan closed with a five-year floating interest rate of 2.15% over the one month Libor and an amortization of 25 years. Financing was arranged through their relationship with a local bank.

* A $1,300,000 loan on a fully occupied 5,000 s/f multi-tenanted retail building located in Deptford, N.J. The loan closed with a 10-year fixed interest rate of 6.95% with amortization of 20 years. Financing was arranged through their correspondent relationship with Genworth Life Insurance Company.

* A $1,000,000 loan on a 10,607 s/f fully occupied multi-family building located in Yonkers, NY. The loan carries a fixed interest rate of 6.75% for an initial term of five years with an amortization of 30 years. Financing was arranged through their relationship with a local bank.

* A $2,600,000 loan on an 117,000 s/f fully occupied warehouse building located in Newark, N.J. This property is occupied by a single tenant. The loan carries a fixed interest rate of 6.95% for a term of 20 years with an amortization of 25 years. Financing was arranged through their relationship with StanCorp Mortgage Investors.

* A $3,320,000 loan on a 17,860 s/f multi-tenanted retail building in Concord, N.h. The loan provided five years I/O at an initial rate of 6.9%, principal and interest in years five through 10, based on a 30-year amortization. Financing was arranged through their correspondent relationship with Genworth Life Insurance Company.

* And Deborah Nexon of Q10 | G.S. Wilcox & Co. recently arranged a loan totaling $3,850,000 on a 61,000 s/f single-story office/industrial building in Hackensack N.J. The loan closed with a fixed interest rate of 6.375%, for an initial term of five years with a 25-year amortization. Financing was arranged through their relationship with a local bank.