G.S. Wilcox Arranges $11M Refinance Loan For Industrial Property In Elizabeth

An industrial property spanning 223,000 square feet located at 750 Dowd Avenue in Elizabeth, Northern New Jersey was involved in a recent refinancing deal. The loan amount for this property was $11,000,000. The loan, which was secured by G.S. Wilcox & Co., features a 10-year term and a 25-year amortization schedule. The borrower of this loan is Elberon Development Group.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $11,000,000
• Address: 750 Dowd Avenue
• Market: Elizabeth
• Landlord: Dave Gibbons - Elberon Development Group
• Brokers: Albert Raymond & Wesley Wilcox - G.S. Wilcox

The $11 million loan to refinance the industrial property was arranged by Wesley Wilcox and Albert Raymond. The loan was sourced through a correspondent life insurance company.