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G.S. Wilcox Arranges $32M Loan for Refinancing of New Jersey Apartments

Maplewood-Crossing-New-Jersey

Maplewood Crossing, located on the outskirts of Newark, totals 151 units.

MAPLEWOOD, N.J. — G.S. Wilcox & Co., a New Jersey-based mortgage banking firm, has arranged a $32 million loan for the refinancing of Maplewood Crossing, a 151-unit apartment community located about 10 miles southwest of Newark. Robert Logan and Al Raymond of G.S. Wilcox placed the loan, which included a 20-year term and a 30-year amortization schedule, on behalf of the borrower, local developer Elite Properties.

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