Real Estate Journal — Financial Digest — January 15 - 28, 2016 — 13A
M id A tlantic
F inancial D igest
nglewoodCliffs, NJ — Kennedy Fund- ing Financial LLC The two-year, interest-only loanwas obtained by Jolly Products &Services, Inc. &Peckett’s, Inc. Kennedy Funding Financial completes $1.65 million loan for Florida commercial nursery E
million,” said Wolfer. “We pro- vided $1.65 million toward the acquisition. On a cost basis, we lent 82% of the purchase price.” The loan collateral includes a 498,000 s/f commercial con- tainer nursery on 19.8 acres at 5643-5715 Round Lake Rd. in Apopka, with improvements constructed between 1978 and 2008. The second property, sit- uated at 6448 Plymouth Sor- rento Rd. in Apopka, contains 305,248 s/f on 22.11 acres. The new ownership plans to con- tinue operating the properties as a nursery. n
(KFF) has c l o s e d a $1 . 65 mi l - l i o n l o a n for commer- cial nursery p r o p e r t i e s in Florida, announc ed Kevin Wolf- er , CEO of
the Englewood Cliffs, NJ- based direct private lender. The two-year, interest-only loan was obtained by Jolly Products & Services, Inc. and Peckett’s, Inc., operators of Round Lake Rd. Nursery in Apopka, FL, and will be ser- viced by KFF. “The borrower has just pur- chased two large nurseries with greenhouses totaling in excess of 800,000 s/f for $2 G.S. Wilcox & Co. places $11 million with Thrivent Financial WAYNE, NJ — G.S. Wil- cox & Co. have arranged financing in the amount of $11 million. Gretchen
FREDDIE MAC LOAN $39,204,000 10-year fixed, 4 years I/O 310-unit mid-rise apartments Falls Church, VA
FANNIE MAE LOAN $5,050,000 30-year fixed rate 288-unit affordable housing Baltimore, MD
FHA 232/223(F) LOAN $18,034,700 35 years fixed rate 202-bed skilled nursing facility Pemberton, NJ
CONDUIT LOAN $30,250,000 10-year fixed, 2 years I/O 364,000 sf office building Trevose, PA
Wilcox and A l R a y - mond origi- n a t e d t h e loan, which provided fi- nancing for a repeat bor- rower of G.S. Wilcox & Co. The loan is secured by a 255,253 s/f war ehous e b u i l d i n g l o c a t ed i n Wayne. The l o a n t e rm
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was fixed for 5 years and has a 30 year amortization, and was financed by Thrivent Financial. G.S. Wilcox & Co. serves as a correspondent for Thrivent and is their 2015 Top Producer in the country, originating over $150,000,000 in loans. G.S. Wilcox & Co., located in Morristown, NJ, is a full service mortgage banking firm which originates, un- derwrites, and services com- mercial real estate mortgage loans. Founded in 1994, they have been servicing clients for over 20 years. n
Understanding what’s important. At M&T, we know that growing and maintaining strong relationships with our customers truly matters. This is how our experienced origination, underwriting and asset management teams provide financing solutions that meet each borrower’s unique needs. And our customers like the way we do business. We’re proud that 75% of our new business comes from repeat borrowers. 1 Find out how you can become one of them.
Contact us at 1-800-737-2344. mandtrcc.com
1Basedon internalcustomerdata. All loansandall terms referencedhereinaresubject to receiptofacompleteapplication,creditapprovalandotherconditions. ©2015 M&T Realty Capital Corporation. Equal Housing Lender.
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