PRESS
RELEASE
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WINTER & COMPANY
COMMERCIAL REAL ESTATE
FINANCE closes a
4.92%, $7,000,000
loan on
a prime Madison Avenue
retail building |
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For
Immediate Release: New
York: Winter & Company
has successfully arranged a $7,000,000
loan on a Madison Avenue property
in the 60’s which houses one
of New York’s premier wine
importers and retailers. The
property has approx. 4,000 SF of retail/commercial
space on the first two floors
and 9 apartments on the upper
three
floors.
Sherry-Lehmann has occupied this space for more than 30 years. The loan,
which represented less than 40% of appraised value, attracted the interest
of several strong lenders.
Henry Berliss and Gregg Winter of Winter & Company
Commercial closed the loan with the New York office
of a conduit lender. The 10-year mortgage
was arranged with no points to the lender and a fixed rate of 4.92%.
The loan closed on July 18, 2003.
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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