Monday, July 16, 2012

Wilcox: The Days of Cheap Money Are Here via

Gretchen Wilcox is founder and CEO of G.S. Wilcox & Co. of Morristown, the country's first female-founded commercial real estate mortgage banking firm that is a sole proprietorship. She will be a panelist at RealShare New Jersey 2012 at the Hyatt Regency in New Brunswick on Sept. 19. How’s business? Can you give us a preview of the outlook you might share with the conferees at RealShare?

Wilcox: The commercial mortgage business is intensely busy, very active right now. At G.S. Wilcox, we mostly handle refinance loans, the majority through long term, fixed-rate loans with life-insurance companies. The investors want to get the business. It’s very competitive out there. What’s the reason the refinance market is so frantic? Is it mainly that low rates are inciting more borrowers to refinance?

Read - Wilcox: The Days of Cheap Money Are Here - Daily News Article

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