For Immediate Release: New York: Winter & Company Commercial has arranged acquisition/renovation/permanent financing for a vacant, 5-story commercial townhouse just East of Park Avenue in the low sixties. The purchaser will operate his successful hair salon business there when he moves from the space he currently rents on Madison Avenue.

Gregg Winter, President, and Henry Berliss, Executive Vice President of Winter & Company Commercial, arranged the loan with a New York commercial bank. The loan includes a 5.5% fixed-rate portion with regard to the acquisition that allows the borrower to lock in most of the funds at today's current low rates. The remainder, which will be used to finance the renovation, will be funded at a low floating rate that will be fixed when the property receives its Certificate of Occupancy.

The loan term is 20 years with rate resets each five years. The loan closed on October 15, 2002. Winter & Company specializes in providing advisory services as well as both institutional and private mortgages to commercial real estate owners and professionals nationwide.

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