For Immediate Release: New York: Winter & Company has obtained a 10-year fixed-rate mortgage for this 15-story, 34-unit Upper West Side cooperative situated on West 67th Street steps away from Central Park. The co-op, which was built in 1906 and converted in 1979, will benefit from a 6.55% fixed rate amortizing on a 30-year schedule. There were no points payable to the lender and there will be no escrow for taxes or for insurance.

An unsecured credit line was also arranged in the event that future repairs are needed to address repairs or capital improvements. In addition, a provision for additional subordinate fixed-rate financing was built into the loan structure. At the borrower's request, an unusual provision was negotiated to allow for prepayment of a part of the fixed-rate mortgage with no prepayment penalty.

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