For Immediate Release: New York: Winter & Company has successfully arranged a $1,800,000 first mortgage for a 4-story, 5,200 square-foot mixed-use property in SoHo, Manhattan. The property consists of three occupied 1,200 square-foot residential lofts, one on each floor, and a 1,600 square-foot art gallery that occupies the ground floor and cellar.

The Borrower engaged Winter & Company to refinance his mortgage to obtain a lower interest rate, extend the current loan term, and obtain some modest cash for personal use. Gregg Winter, President of Winter & Company, successfully reduced the interest rate by approximately 2% to a new 10-year fixed rate of 5.375%. The new loan will amortize on a 30-year schedule. The loan, which was arranged with no points payable to the lender, closed on May 24, 2004.

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