For Immediate Release: New York: The Manhattan East Side townhouse has four stories with office, commercial space on the first two floors and a luxury duplex apartment on the upper two floors. The purchasers will operate their successful building services and security business in the office space and live upstairs. They had to have a loan ready to close within 6 weeks of presentation to lenders due to the requirements of their contract that had no financing contingency.

Henry Berliss, Executive Vice President of Winter & Company Commercial, arranged the loan with a New York savings bank. The initial segment of the mortgage is five years, amortizing on a 15-year schedule. The Borrowers chose to start the loan with a floating rate that is less than 5%. They have the option of converting to a fixed rate at their discretion, or remaining on a floating-rate basis. The loan closed on June 20, 2002.

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