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Secaucus industrial owner lands $111 million loan for 800,000 sq. ft. portfolio, Wilcox says – Real Estate NJ
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Secaucus industrial owner lands $111 million loan for 800,000 sq. ft. portfolio, Wilcox says – Real Estate NJ
By Joshua Burd The owner of more than 800,000 square feet of industrial space in northern New Jersey has secured $110.5 million in permanent financing, in a deal arranged by G.S. Wilcox & Co. According to the mortgage banker, a correspondent life insurance company provided the seven-year, fixed-rate loan with an interest-only structure. The deal is tied to a 97 percent leased portfolio of five buildings, the locations of which were not disclosed…
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