For Immediate Release: New York: Winter & Company has successfully arranged acquisition financing for a recently built 28,000 SF "Big Box", Circuit City store in Holbrook, Long Island. The new owners needed to execute their purchase of this net-leased property within the tight time constraints imposed by a 1031 tax-free exchange. The 3.3-acre property is located on a busy commercial corridor on Sunrise Highway.

Henry Berliss and Gregg Winter of Winter & Company Commercial closed the loan with an insurance company based in the Mid-West. The fully self-liquidating loan was arranged with no points to the lender and a fixed rate of 7.375% for the remaining 18-year term of the loan term which coincides with the initial 20-year term of the Circuit City lease.

Because the Long Island-based borrowers acquired this property within the constraints of a 1031 Tax-Free exchange transaction, we focused not only on obtaining extremely favorable terms, but also on flawless execution, as a failure to close on time would have resulted in significant penalties for our clients. The lender committed to, and held the interest rate for several months during a period of considerable interest rate volatility.

Winter & Company specializes in providing advisory services as well as both institutional and private mortgages to commercial real estate owners and professionals nationwide. Its affiliate, W Financial is a direct private bridge and mezzanine lender providing short-term, special situation financing to developers, owners and investors. If you are an accredited investor and would like to learn more about investing in the Fund, visit PrivateMortgageInvestment.com