8A — December 18 - January 14, 2020 — M id A tlantic Real Estate Journal


M id A tlantic R eal E state J ournal

Banas, Wood, Wilson, Saltiel, and DiGirolamo arrange refinance on behalf of Boyd/Wilson Walker & Dunlop provides $20.4M in financing for 170-unit multifamily property in suburban PA L

to have completed another assignment with their team.” Located in South Lebanon Twp., Fox Ridge Apartments is minutes from outdoor parks, restaurants, and shopping as well as desirable schools. The community also provides residents with ease of access to several neighboring cities, including Harrisburg, Lan- caster, and Reading, which are 30 miles away, and York, which is 40 miles away. Fox Ridge features distinct crafts- men architecture with modern community amenities, such as a clubhouse, a fitness room, pet stations, and ample green space. MAREJ G.S. Wilcox & Co. Places $42.5M in financing with Mutual of Omaha NORTHERN NEW JER- SEY — G.S. Wilcox & Co. closed a total of $42.5 million in financings over the past month through their exclusive correspondent lender, Mutual of Omaha. President Gretchen S. Wilcox , principal Albert Raymond , and vice president Wesley Wilcox worked to- gether to secure these loans. The firm announced that Mutual of Omaha provided the financing for three warehouse properties across Northern New Jersey. The first $21 million loan was secured by a 236,000 s/f warehouse property and had a self-amortizing 20- year term. At the same time, the team placed a $8.5 million loan with a 10-year term (5- year interest only) and 25-year amortization. This financing was secured by a 102,000 s/f warehouse property. The third loan was in the amount of $13 million and was also secured by a warehouse property, the loan had a 5-year interest only term with a rate in the mid-2% range. The loans were arranged for three repeat clients of G.S. Wilcox & Co. “We are pleased to obtain such attractive financing for these clients through our exclusive correspondent lender, Mutual of Omaha. Our life insurance company correspondents con- tinue to be stable sources of capital through the COVID19 pandemic, and we are confident that we will continue to navi- gate these uncertain times suc- cessfully.” GretchenWilcox said in a prepared statement. MAREJ

EBANON , PA — Walker & Dunlop, Inc. announced that it structured $20.4 million in financing for Fox Ridge Apart - ments, a 170-unit multifamily community in Lebanon, PA. The team arranged the refi - nancing on behalf of repeat- client, Boyd/Wilson , who has completed over $75 million in financing through Walker & Dunlop within the last six months. Walker &Dunlop’s Philadel- phia Capital Markets team, including managing directors, John Banas and Kris Wood ,

as well as analysts John Wil- son , Rhett Saltiel , and Erik DiGirolamo arranged the permanent financing through Fannie Mae . The team struc- tured the deal with six years of interest-only payments and an attractive fixed rate for the ten-year loan term. Banas said, “With nearly 40 years of experience in commer- cial real estate development and property and construction management, Boyd/Wilson is an extremely strong family- run business with an excellent understanding of the Pennsyl- vania market. We’re pleased

Fox Ridge Apartments

Since 1988


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