Real Estate Journal — August 15 - 28, 2014 — 15A


M id A tlantic

F inancial D igest

G.S. Wilcox & Co. celebrates 20th year anniversary G.S. Wilcox & Co. closes $73,705,000 in financing N EW JERSEY — G.S. Wilcox & Co. announced that they Brunswick, NJ and Franklin Twp., NJ.

To fund completion of residential dev. Silver Arch Capital closes $3.41 million loan

many areas, including Florida’s Sarasota County, high-end resi- dential has emerged as a solid investment.” The $3.41 million loan in- cludes a $2.9 million hold back with prepaid interest for nine months. The collateral includes multiple Florida properties, in- cluding 3801 Casey Key Rd. in Nokomis, listed at $5.3 million; the under-construction 373 Ben Franklin Dr. in Lido Key; 425 Westway Dr. on the waterfront in Sarasota and listed at $1.5 million; the adjacent 1435 West- way Dr. in Sarasota; and a bay front lot zoned residential at 516 PalmaSolaBlvd. inBradenton. n

HACKENSACK, NJ — Sil- ver Arch Capital Partners has closed $3.41 million in con- struction financing for a Florida- based builder of high-end resi- dential properties. The funding will be utilized for completion of a speculative home in Noko- mis, FL, according to Jeffrey Wolfer , president and CEO of theHackensack, NJ-basedSilver Arch Capital. “This transaction is a prime example of the flexibility and creativity of our firm in financ- ing every property type,” said Wolfer. “Residential develop- ment has become increasingly strong in themarketplace, and in

s/f of office space and is cur- rently vacant. The subject property is located in Carteret, New Jersey. The rate was for a 30 month term with exten- sion options and interest only payments. Financing of a 40,040 s/f multi-tenant industrial build- ing located in Runnemede, NJ was made by a correspondent life insurance company with a loan amount of $1,600,000, a 10 year term, and a 20 year amortization. G.S. Wilcox & Co., founded in 1994, is celebrating its 20th year anniversary. n

A regional bank provided nonrecourse financing for the construction of a 59,582 s/f of- fice building inQueens County, New York. The $24,000,000 financing has a 2 year con- struction period and 8 years of additional term. This loan is in- terest only during construction, then 25 years amortization. A loan totaling $15,325,000 was originated with a local bank for a repeat local borrow- er. The loan is for a single-story office/warehouse consisting of 406,000 s/f, including 101,150

OAKRIDGE, NJ — Thom- as Shara , president and CEO of Lakeland Bank, has an- Lakeland Bank appoints new officers have arranged financing total- ing $73,705,000 arranged by Gretchen Wilcox , president, David Fryer , principal, and Al Raymond , principal of G.S. Wilcox & Co. T w o l o a n s t o t a l i n g $32,780,000 were made with a repeat client. The loans were for a 306,847 s/f grocery an- chored shopping center total- ing $16,520,000 and a 265,986 s/f shopping center totaling $16,260,000, with a 10 year fixed rate term and a 25 year amortization. The shopping centers are located in North

nounced the following of- ficer appoint- ments. Hillel Ju- dasin to vice president, IT aud i t man- ager, based at the Milton Op e r a t i o n s Center in Oak Ridge. Juda- sin has nearly 25 years of audit experi- ence includ- ing 13 years o f indus t ry expe r i enc e . He was most recently with CohnReznick LLC as man- ager, IT audit in Roseland. C h a r l e s Little to IT o p e r a t i o n s

Hillel Judasin

Charles Little

Dina Templeton

manager, based at the Milton Operations Center in Oak Ridge. Little has 30 years of experience in information technology with 10 years in community banking, most recently with Investors Bank as special projects coordinator in Iselin. Dina Templeton to as- sistant treasurer, branch op- erations manager, Boonton. Templeton has 30 years of banking experience, most recently with Proponent Fed- eral Credit Union as a branch administrator. n

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