Commercial real estate investment banking firm G.S. Wilcox & Co. has successfully arranged $26 million in financing for a 308,355-square-foot industrial portfolio located in Ewing.
The transaction was negotiated by Bridget Wilcox, Partner, and Al Raymond, Principal, through a correspondent life insurance company lender.
Comprising two multi-tenanted industrial buildings totaling 308,355 square feet, the portfolio sits near the I-295 circle. The prime logistics location offers seamless access to I-295, Route 1, and Route 206, serving as a vital last-mile delivery hub for over 38 million consumers within a two-hour drive.
The financing structure achieved a $10+ million cash-out for the client, utilizing a unique non-recourse framework while meeting an expedited closing schedule.
“We are thrilled for our client, who successfully achieved a $10+ million cash-out. The lender stepped up with a unique non-recourse financing structure while also meeting the borrower’s expedited closing timeline,” Bridget Wilcox said.
