PRESS
RELEASE
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WINTER & COMPANY
COMMERCIAL REAL
ESTATE FINANCE
closes a $6,000,000
mortgage for a
68,000 SF Midtown
Manhattan Office
Building. |
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For
Immediate Release: New York: A new mortgage
in the amount of $6,000,000 was
placed on a 9-story, 68,000 SF
ft Midtown Manhattan Office building
located on East 40th Street, two
blocks from Grand Central Station.
The
borrowers, prominent New York
City real estate investors, have
held the property for many years.
They have constantly upgraded
the building and maintained it
as one of the most desirable
locations for small tenants in
the Grand Central area. The
lender was pleased with both
the conscientious owners and
the conservative amount of leverage
representing only a fraction
of the property's value. Henry
Berliss, Executive Vice President
of
Winter & Company, arranged
the loan with an insurance company
conduit. The rate was fixed at
7.33% for a 10 year term, amortizing
on a 30 year schedule.
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
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