PHONE: 212-532-1122 | EMAIL: INFO@WINTERANDCOMPANY.COM
Office Buildings


PRESS RELEASE

CONTACT: Gregg Winter, President
gregg@winter1.com
212-532-1122 ext. 1
Henry Berliss, Exec. VP
henry@winter1.com
212-532-1122 ext. 7

WINTER & COMPANY COMMERCIAL REAL ESTATE FINANCE closes a $6,000,000 mortgage for a 68,000 SF Midtown Manhattan Office Building.


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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149 MADISON AVENUE | NEW YORK, NY 10016 | 212-532-1122 | FAX 212-532-1222 | INFO@WINTERANDCOMPANY.COM


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