The property, which is located on a busy main street in Sag Harbor, contains three tenants; a bookstore, a restaurant, and a high-end art-gallery, which occupies the upstairs space. 

The owner of the building wanted to refinance his first mortgage, which Winter & Company arranged in 2003, to pay off a second mortgage, take out some additional cash, and obtain a lower interest rate to reduce his monthly payments. Gregg Winter, President, negotiated the new loan to achieve a 10-year fixed rate of only 5.4% for the borrower.  The loan closed on May 31, 2005.

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