PRESS
RELEASE
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WINTER & COMPANY closes
2 loans totaling
$4,750,000 secured
by 2 prime Manhattan
properties: $3,750,000
Cash Out Refi
on a 19,000 SF
full floor Office
Condominium and
an Acquisition/Bridge
loan on an Upper
East Side Townhouse. |
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For
Immediate Release: New York: Winter & Company
recently closed two mortgages totaling
$4,750,000 secured by two prime Manhattan
properties.
A
Cash Out Mortgage of $3,750,000
was arranged for
the headquarters of a multi-national
company. The borrower, a NYSE traded
company is also the principal occupant
of the 19,000 square foot full
floor condominium unit. The lender
offered the choice of a fixed or
floating rate. The borrower chose
the "floater" which offered more
flexibility to prepay the loan.
The mortgage carries a 20 year
payment schedule with an initial
term of 5 years.
A
$1,000,000 Acquisition/Bridge
loan was secured by a 5-story mixed
use townhouse on Manhattan's Upper
East Side. The owners required
a bridge loan to allow them time
to make certain improvements to
the property and to decide if they
want to convert the building to
a single-family house for their
use once the current leases expire.
The nature and location of the
property as well as the strong
financial profile of the borrower
aided Winter & Company in obtaining
an extremely attractive fixed rate
for the entire 5 year term and
a 30 year payment schedule.
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
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