For Immediate Release: New York: Winter & Company Commercial has arranged a new $4,000,000 mortgage for this unique, three-building, mixed-use property, which is located in rapidly evolving Williamsburgh, Brooklyn.

Lacking a Certificate of Occupancy, and hoping for a variance that would eventually permit residential development, this unusual assortment of artists' live/work lofts and purely commercial spaces presented quite a few financing challenges that we were ultimately able to overcome. With large lofts comparable to those found across the river in SoHo and TriBeCa, many with East River views, this property has enormous potential as a possible future residential conversion. It was crucial for us to secure the funds needed to complete the renovation, while insuring that the interim financing could be prepaid as needed to allow future development either on a rental or a condominium basis.

Surplus funds will pay for the ongoing residential conversion and various items related to obtaining the Certificate of Occupancy. The floating rate is currently 5% (1% over Prime), which can, at the borrower's option, be converted to a fixed rate within three years.

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