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Recent Apartment Buildings/Multifamily/Mixed-Use Property Transactions


PRESS RELEASE

CONTACT: Gregg Winter, President
gregg@winter1.com
212-532-1122 ext. 1
Henry Berliss, Exec. VP
henry@winter1.com
212-532-1122 ext. 7

WINTER & COMPANY COMMERCIAL REAL ESTATE FINANCE closes a 4.92%, $7,000,000 loan on a prime Madison Avenue retail building


Equity Finance
For Immediate Release: New York: Winter & Company has successfully arranged a $7,000,000 loan on a Madison Avenue property in the 60’s which houses one of New York’s premier wine importers and retailers. The property has approx. 4,000 SF of retail/commercial space on the first two floors and 9 apartments on the upper three floors.

Sherry-Lehmann has occupied this space for more than 30 years. The loan, which represented less than 40% of appraised value, attracted the interest of several strong lenders.

Henry Berliss and Gregg Winter of Winter & Company Commercial closed the loan with the New York office of a conduit lender. The 10-year mortgage was arranged with no points to the lender and a fixed rate of 4.92%. The loan closed on July 18, 2003.

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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